Whales with a lot of money to spend have taken a decidedly pessimistic stance GameStop.

View options history for GameStop GME We discovered 54 trades.

If we consider the specifics of each trade, we can rightly say that 29% of investors opened trades with bullish expectations and 51% with bearish expectations.

Of the total trades spotted, 34 are puts totaling $1,322,200 and 20 are calls totaling $1,069,919.

What is the price target?

When analyzing the volume and open interest in these contracts, it appears that the major players were eyeing a price window of $25.0 to $125.0 for GameStop last quarter.

Insights into volume and open interest

Examining volume and open interest provides important insights into stock analysis. This information is critical to assessing the liquidity and interest levels for GameStop options at specific strike prices. Below we present a snapshot of trends in volume and open interest for calls and puts on GameStop’s key trades within a strike price range of $25.0 to $125.0 over the past month.

GameStop Call and Put Volume: 30-Day Overview

Notable options activity:

About GameStop

GameStop Corp is an American multichannel retailer of video games, consumer electronics and services. The company operates in Europe, Canada, Australia and the United States. GameStop sells new and used video game hardware, physical and digital video game software, and video game accessories primarily through GameStop, EB Games and Micromania stores and international e-commerce websites. The majority of sales come from the USA.

Given GameStop’s recent options history, it is now appropriate to focus on the company itself. Our goal is to examine current performance.

Current market status of GameStop

• GME price is currently trading at a volume of 11,210,969 and has declined -5.03%, now at $27.59.
• The RSI readings suggest that the stock may currently be overbought.
• The earnings are expected to be released in 8 days.

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