GameStop Option Alert: Jul 19 $25 Calls Sweep (7) near the Ask: 300 @ $1.033 vs 2802 OI; Earnings 3/19 After Close [est] Ref=$15.2
Portfolio Pulse from Charles Gross
GameStop saw significant options activity with a sweep of 300 calls for July 19 at $25, priced near the ask at $1.033, against an open interest of 2802. This activity comes ahead of their estimated earnings report on March 19, after market close, with the reference stock price at $15.2.
February 12, 2024 | 3:07 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The significant options activity on GameStop, particularly the sweep of 300 calls for July 19 at $25, indicates increased investor interest and speculation ahead of their earnings report.
The options activity, especially a call sweep near the ask price, typically indicates a bullish outlook from investors or traders. Given this activity is ahead of GameStop's earnings report, it suggests expectations of positive news or a favorable market reaction post-earnings. This could lead to short-term price appreciation.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90