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

Looking at options history for GameStop ( GME ) we detected 14 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $183,721 and 10, calls, for a total amount of $589,180.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $18.0 to $40.0 for GameStop ( GME ) over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for GameStop ( GME ) options trades today is 4169.64 with a total volume of 7,865.00.

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 $18.0 to $40.0 over the last 30 days.

GameStop 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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.

Where Is GameStop Standing Right Now?

Currently trading with a volume of 5,513,824, the GME's price is down by -1.91%, now at $20.25.

RSI readings suggest the stock is currently is currently neutral between overbought and oversold.

Anticipated earnings release is in 83 days.

What The Experts Say On GameStop

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $10.0.

An analyst from Wedbush has decided to maintain their Underperform rating on GameStop ( GME ), which currently sits at a price target of $10.

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.