Moderately bullish activity in GameStop (GME), with shares down 26c near $22.75. Options volume relatively light with 80k 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) is higher by 1.0 points near 61.41,in the bottom quartile of the past year, suggesting an expected daily move of $0.88. Put-call skew flattened, suggesting a modestly bullish tone.
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:
- From Foes to Allies: The Unlikely Partnership Powering Opendoor’s Comeback
- “The Current Price of XRP Doesn’t Reflect Its Utility” Says Crypto Analyst
- GameStop Announces New Compensation Agreement with Daniel Moore
- Mixed options sentiment in GameStop with shares up 0.79%
- Moderately bullish activity in GameStop with shares up 0.95%