The old GME whales are on the move again
@OptionsDelta：
$GameStop(GME)$ Last Friday, we discussed how the wily dealers still had open interest in longer-dated GME calls, but theoretically would likely wait for implied vols to settle before reloading - with June 21st opex being the next potential strike window.Well, it appears they got more impatient than expected and started redeploying before vols could fully normalize:Similar to their pre-spike modus operandi, they've been accumulating the front-month, at-the-money calls again. On the June 21st expiry, the $GME 20240621 20 CALL$ saw over 22,000 lots trade for over $100 million in premium.Current 30-day implied vol sits elevated at 190%, well above the 163% levels from the prior two wee