GameStop ($GME) Surges 14%, Hits $31 Amid Call Options Execution and Critical $32 Level Ahead

GameStop's stock ($GME) has seen a significant rise over the past few days, with after-hours trading showing a 10% increase, reaching $30. The stock has been following a trend similar to its 2021 performance, with a potential breakout expected. Keith Gill's recent announcement about executing his call options has contributed to this upward momentum, triggering a gamma ramp. The stock bottomed at $25.20 and has since surged to nearly $29. As of the latest update, $GME is up 14%, hitting a high of $31. Analysts are watching the $32 level closely as a critical point for further gains, especially with earnings reports due next week and implied volatility (IV) still sky high.