Mixed options sentiment in GameStop with shares up 0.9%

Mixed options sentiment in GameStop (GME), with shares up 22c, or 0.9%, near $24.59. Options volume relatively light with 16k contracts traded and calls leading puts for a put/call ratio of 0.11, compared to a typical level near 0.2. Implied volatility (IV30) dropped 0.95 near 53.17,and below the 52wk median, suggesting an expected daily move of $0.82. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: GameStop (GME) will report earnings after the close on 2026-03-24.Option markets are pricing in a 50% probability of a move greater than 4.19% or $1.03.