12:17 PM EDT, 06/13/2024 (MT Newswires) -- GameStop ( GME ) call options purported to be held by Keith Gill decreased recently, indicating potential sales of his position in active trading, Bloomberg News reported Thursday.

Trading volume for GameStop's ( GME ) $20 calls expiring on June 21 spiked to 93,266 contracts on Wednesday, primarily in the final half-hour, marking it as the most-active option, according to the report.

The high volume and change in outstanding positions suggest that Gill sold at least part of the position, Christopher Jacobson, co-head of derivative strategy at Susquehanna International Group, was quoted as saying.

GameStop ( GME ) did not immediately respond to MT Newswires' request for comment.

Shares of GameStop ( GME ) were up more than 5% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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