Bullish option flow detected in GameStop with 44,913 calls trading, 1.9x expected, and implied vol increasing over 3 points to 96.82%. 4/26 weekly 11.5 calls and May-24 12 calls are the most active options, with total volume in those strikes near 7,700 contracts. The Put/Call Ratio is 0.10. Earnings are expected on June 5th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GME:
- GameStop call volume above normal and directionally bullish
- Largest borrow rate increases among liquid names
- U.K. games market rose 4.4% year-over-year in 2023, GI.biz reports
- Robinhood Stock (NASDAQ:HOOD): Gold Card, Market Boom Could Be a Boon
- GameStop (NYSE:GME) Surges as Outside Investment Plans are Considered