High-rolling investors have positioned themselves bearish on GameStop ( GME ) , and it's important for retail traders to take note.

This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in GME often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 8 options trades for GameStop ( GME ). This is not a typical pattern.

The sentiment among these major traders is split, with 25% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $41,700, and 7 calls, totaling $518,300.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $125.0 for GameStop ( GME ) over the last 3 months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of GameStop ( GME ) stands at 8758.4, with a total volume reaching 5,267.00. 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 $20.0 to $125.0, throughout 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.

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.

Present Market Standing of GameStop

With a volume of 3,761,340, the price of GME is down -1.57% at $21.51.

RSI indicators hint that the underlying stock may be approaching overbought.

Next earnings are expected to be released in 72 days.

Expert Opinions on GameStop

In the last month, 1 experts released ratings on this stock with an average target price of $10.0.

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* An analyst from Wedbush persists with their Underperform rating on GameStop ( GME ), maintaining a target price of $10.

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