GameStop Sees $2.5 Million in Calls Amid Declining Stock Price

GameStop (GME) has seen significant trading activity recently, with over $2.5 million worth of calls bought and more than $600,000 worth of puts sold off. Despite this, the stock price has been declining. In the premarket update, barely over 1 million shares were traded. Keith Gill, known as Roaring Kitty, holds an average price of $23.41 per share, but the current trading price is around $23.00, marking a nearly 3% drop from Monday and a 7% decline from last week. The stock has experienced a monthly loss of approximately 3%, or $0.75 per share. Gill's position is now below his average at $22.90, and he is down over $4 million on his 9,001,000 shares.