Moderately bullish activity in GameStop with shares up 0.61%

Moderately bullish activity in GameStop (GME), with shares up 14c, or 0.61%, near $22.23. Options volume relatively light with 55k contracts traded and calls leading puts for a put/call ratio of 0.16, compared to a typical level near 0.2. Implied volatility (IV30) is higher by 0.6 points near 43.82,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.61. Put-call skew steepened, indicating increased demand for downside protection.