High-rolling investors have positioned themselves bullish on GameStop (NYSE:GME), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in GME often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 8 options trades for GameStop. This is not a typical pattern.

The sentiment among these major traders is split, with 50% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $60,000, and 7 calls, totaling $333,971.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $23.0 for GameStop, spanning the last three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for GameStop options trades today is 6001.83 with a total volume of 3,432.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for GameStop's big money trades within a strike price range of $20.0 to $23.0 over the last 30 days.

GameStop 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About GameStop

GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. GameStop sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States.

Having examined the options trading patterns of GameStop, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

GameStop's Current Market Status

• Trading volume stands at 1,520,403, with GME's price down by -0.52%, positioned at $21.11.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 44 days.

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