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I opened positions in this lotto call and $GME 20241220 30.0 CALL$ this lotto call as GME is going to break out! Merry Christmas LOTTO
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Source: Benzinga
Unpacking the Latest Options Trading Trends in GameStop
High-rolling investors have positioned themselves bullish on GameStop 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
Options Call Chart
Biggest Options Spotted:
Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
GME CALL TRADE BULLISH 01/17/25 $3.9 $3.75 $3.85 $20.00 $77.0K 20.5K 274
GME CALL TRADE BULLISH 12/20/24 $3.25 $3.0 $3.25 $20.00 $65.0K 560 211
GME PUT TRADE BEARISH 11/29/24 $3.0 $2.27 $3.0 $23.00 $60.0K 86 200
GME CALL TRADE BEARISH 06/20/25 $6.2 $6.0 $6.0 $20.00 $58.2K 2.7K 149
GME CALL SWEEP BEARISH 11/15/24 $0.88 $0.81 $0.81 $22.00 $41.9K 5.6K 1.6K
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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Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for GameStop, Benzinga Pro gives you real-time options trades alerts.
Market News and Data brought to you by Benzinga APIs
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Based on the available information, the movement of GameStop (GME) stock seems to be driven by stock capital flow rather than specific news or events. The stock's trading volume for the day is 2.36 million shares, and the total market capitalization is $9.25 billion.
Here are some key points regarding GameStop's current stock status:
Open: $20.62
High: $20.82
Low: $20.43
Yesterday's closing price: $20.7
Price-to-Earnings Ratio (TTM): 166.374
Earnings per Share (TTM): $0.12
Price-to-Book Ratio: 2.11
Trading Volume: 2.36 million shares
Circulating Market Cap: $8.47 billion
Total share capital: 446.51 million
Float share capital: 408.51 million
Volume Ratio: 0.71
Regarding analyst recommendations, there is one underperform rating and one sell rating for GameStop stock.
We couldn't find any specific news articles directly explaining the movement of GameStop stock today. However, it's worth noting that the Dow Jones Industrial Average and S&P 500 closed lower on Monday due to rising Treasury yields and investor concerns. It's possible that these broader market factors may have influenced GameStop's movement as well.
Please keep in mind that the information provided is for reference purposes only and does not constitute investment advice. Investing in stocks, especially those with high volatility like GameStop, carries inherent risks. It's always important to conduct your own research and consider your risk tolerance before making any investment decisions.
-Risk disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investing in stocks carries inherent risks, and individuals should carefully evaluate their risk tolerance and conduct their own research before making any investment decisions.-
Merry Christmas BC! ππππππππ
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Great article, would you like to share it?
Great article, would you like to share it?