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May 23, 06:12 PM
GameStop Stock Rises 16% with 5% Daily Gain on $15 Million Bullish Options and $40/$50 Call Spreads
Stocks
Business

GameStop Stock Rises 16% with 5% Daily Gain on $15 Million Bullish Options and $40/$50 Call Spreads

Authors
  • MarketWatch
  • unusual_whales
  • Neil Saunders
5

GameStop Corp.'s stock has experienced a notable increase, rising 16% over the past two days and 5% on the most recent trading day. This surge is accompanied by bullish options activity, with nearly $15 million in net premium and the highest net call premium observed in the last 30 days. The options flow includes prominent call spreads at strike prices between $40 and $50, with $36 calls being the most actively traded. Market analysts emphasize that the current interest in GameStop shares is driven by fundamental factors rather than the meme-driven trading that previously influenced the stock.

Written with ChatGPT (GPT-4).

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