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 8 trades.

If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $143,280 and 5, calls, for a total amount of $168,526.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $125.0 for GameStop ( GME ), spanning the last three months.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for GameStop's ( GME ) options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of GameStop's ( GME ) whale trades within a strike price range from $20.0 to $125.0 in 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.

Following our analysis of the options activities associated with GameStop ( GME ), we pivot to a closer look at the company's own performance.

Present Market Standing of GameStop

With a volume of 1,539,560, the price of GME is up 1.67% at $27.97.

RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

Next earnings are expected to be released in 54 days.

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