Whales with a lot of money to spend have taken a noticeably bearish stance on GameStop ( GME ).

Looking at options history for GameStop ( GME ) we detected 30 trades.

If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 46% with bearish.

From the overall spotted trades, 17 are puts, for a total amount of $757,990 and 13, calls, for a total amount of $493,365.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $125.0 for GameStop ( GME ), spanning the last three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of GameStop ( GME ) stands at 4273.08, with a total volume reaching 6,735.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in GameStop ( GME ), situated within the strike price corridor from $5.0 to $125.0, throughout the last 30 days.

GameStop Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

About GameStop

GameStop Corp ( GME ) is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. GameStop ( GME ) sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop ( GME ), EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States.

After a thorough review of the options trading surrounding GameStop ( GME ), we move to examine the company in more detail. This includes an assessment of its current market status and performance.

GameStop's Current Market Status

With a trading volume of 5,368,738, the price of GME is down by -0.2%, reaching $32.76.

Current RSI values indicate that the stock is may be approaching overbought.

Next earnings report is scheduled for 77 days from now.

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