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.
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