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GameStop call volume above normal and directionally bullish
The Fly

GameStop call volume above normal and directionally bullish

Bullish option flow detected in GameStop with 23,230 calls trading, 3x expected, and implied vol increasing almost 2 points to 61.38%. 4/28 weekly 19 calls and 4/28 weekly 19.5 calls are the most active options, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 0.16. Earnings are expected on May 31st.

Published first on TheFly

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