Moderately bullish activity in GameStop (GME), with shares down 28c near $22.82. Options volume roughly in line with average with 131k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.22. Implied volatility (IV30) is higher by 2.4 points near 61.98,in the bottom quartile of the past year, suggesting an expected daily move of $0.89. Put-call skew flattened, suggesting a modestly bullish tone.
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