
GameStop Corp. ($GME) shares surged by 9% following the company's recent earnings report, as traders showed increased interest in options contracts. Significant activity was noted in the options market, with a buyer acquiring 1,620 January 24th $50 calls at $1.50, alongside large purchases of 3,000 December $33 calls at $0.79 and 2,300 December $32 calls at $0.90. The $32 call options for December 20, 2024, rose 70.65% to $1.57 before ending the day at breakeven, while the $33 calls saw a 70.88% increase before finishing at $0.78, resulting in a loss of $1 per contract. Analysts remain divided, with some expressing skepticism about GameStop's ability to maintain its current performance.
The $GME $32C 12/20/2024 (ENTRY $0.92) rose 70.65% to $1.57 before ending the day at breakeven The $33C 12/20/2024 (ENTRY $0.79) experienced the same; rose 70.88 before finishing the day at $0.78; a loss of $1 per contract Seems likely both positions still open OI will confirm https://t.co/6Js3NleHQx https://t.co/o5gPrwHHTZ
Let the GAMEstop begin! $GME https://t.co/zAMaD2ph94
More $GME contracts getting tagged; the $33 and $32 calls for 12/20 mostly ask side across all volume today https://t.co/aV6MFggQ2K
