Moderately bullish activity in GameStop (GME), with shares up 38c, or 1.59%, near $24.02. Options volume relatively light with 120k contracts traded and calls leading puts for a put/call ratio of 0.22, compared to a typical level near 0.17. Implied volatility (IV30) is higher by 0.7 points near 55.96,and below the 52wk median, suggesting an expected daily move of $0.85. Put-call skew steepened, indicating increased demand for downside protection.
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