While $Tesla Motors(TSLA)$ has risen more like a meme stock recently.But as the granddaddy of them all, $GameStop(GME)$ sn't lagging behind.Although the price of the underlying stock has been consolidating for quite some time, there was a large intraday anomaly on July 9, when someone bought more than 5,100 of GameStop's $30 Call, with an expiration date of July 19At the same time, another (and possibly the same) trader made a similar trade, 5,800+ $Chewy, Inc.(CHWY)$ at $30 Call with an expiration date of July 19th as well.These two trades are very much like those made by Roaring Kitty, who previously made large trades in these two tickets.
Party is Over? Will You Short GME?
GME ended the session lower by 12.1%, as the company’s rescheduled shareholder event wrapped up with no detailed remarks about its strategies. -------------------- What's your target price for GME? Will you go long or go short?
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