Financial giants have made a conspicuous bearish move on GameStop ( GME ). Our analysis of options history for GameStop ( GME ) revealed 8 unusual trades.

Delving into the details, we found 25% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $99,690, and 5 were calls, valued at $156,215.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $24.0 to $125.0 for GameStop ( GME ) during the past quarter.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for GameStop ( GME ) options trades today is 34087.33 with a total volume of 2,429.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for GameStop's ( GME ) big money trades within a strike price range of $24.0 to $125.0 over the last 30 days.

GameStop Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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.

GameStop's Current Market Status

Currently trading with a volume of 382,021, the GME's price is up by 0.12%, now at $32.05.

RSI readings suggest the stock is currently may be approaching overbought.

Anticipated earnings release is in 84 days.

Unusual Options Activity Detected: Smart Money on the Move

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Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest GameStop ( GME ) options trades with real-time alerts from Benzinga Pro.