Moderately bullish activity in GameStop (GME), with shares up 22c, or 0.95%, near $22.77. Options volume relatively light with 66k contracts traded and calls leading puts for a put/call ratio of 0.27, compared to a typical level near 0.2. Implied volatility (IV30) is higher by 1.5 points near 48.34,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.69. Put-call skew steepened, indicating increased demand for downside protection.
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:
- CEA Industries Stock (VAPE) Soars 550% on Crypto Treasury Strategy
- This Is ‘the Largest Transformation of Wealth in Human History,’ Says eToro (ETOR) CEO
- “Cleaned Up the Balance Sheet”: GameStop Stock (NYSE:GME) Slips Despite Cramer Applause
- Mixed options sentiment in GameStop with shares down 1.48%
- GameStop (GME) Is Excluded from the Latest Meme Stock Rally