Mixed options sentiment in GameStop (GME), with shares up 36c, or 1.81%, near $20.50. Options volume roughly in line with average with 144k contracts traded and calls leading puts for a put/call ratio of 0.24, compared to a typical level near 0.21. Implied volatility (IV30) dropped 4.25 near 64.68,and below the 52wk median, suggesting an expected daily move of $0.84. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: GameStop (GME) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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