Moderately bullish activity in GameStop (GME), with shares up 80c, or 3.85%, near $21.45. Options volume more than double the daily average with 216k contracts traded and calls leading puts for a put/call ratio of 0.12, compared to a typical level near 0.2. Implied volatility (IV30) is higher by 3.4 points near 40.71,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.55. Put-call skew steepened, indicating increased demand for downside protection.
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