GameStop Option Alert: Dec 22 $27 Calls Sweep (47) near the Ask: 5000 @ $0.09 vs 27 OI; Ref=$15.81
Portfolio Pulse from Charles Gross
An options sweep for GameStop was detected, involving the purchase of 5,000 call options with a strike price of $27 expiring on December 22. These were bought at $0.09 each when the stock was trading at $15.81, compared to an open interest of 27, indicating a potentially bullish bet by an investor.

December 13, 2023 | 7:12 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
A large volume of GameStop call options were purchased, suggesting that an investor is making a bullish bet on the stock. This could lead to increased speculative interest and potentially higher short-term volatility in GME shares.
The purchase of a large number of call options at a strike price significantly higher than the current trading price suggests that the investor expects a substantial increase in GME's stock price before the expiration date. This kind of options activity can often lead to increased trading volume and speculative interest, which might drive up the stock price in the short term. However, the impact may be limited by the overall market conditions and the intrinsic value of the company.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80