Mrzorro
12-18

Options Market Statistics: Traders Pile Into Bullish Bets on GameStop for Second Day


Shares of $GameStop(GME)$   rose 6% in Tuesday's trading, with the most traded calls are contracts of $125 strike price that expire on Jan 17, 2025. The total volume reaching 46,021 with the open interest of 121,382.

The company recently announced its third-quarter financial results, revealing a 20% year-over-year decline in sales to $860 million, falling short of market expectations of $888 million. Despite the drop in sales, GameStop reported a profit of $17.4 million, compared to a loss of $3.1 million in the same period last year. Adjusted earnings per share came in at $0.06, surpassing the anticipated loss of $0.03 per share.

Also, Traders bought a slew of bullish contracts on video-game retailer GameStop Corp. over the past two days, less than a month after an X post from Keith Gill, the online persona known as Roaring Kitty, sent meme stocks flying.


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Comments

  • JackQuant
    12-18
    JackQuant
    they gonna dump it as soon as we’re in 🤣
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