Market Whales and Their Recent Bets on GME Options
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish sentiment on GameStop (NYSE:GME) through options trading, with 11 unusual trades identified. Analysis indicates a price target range of $15.0 to $18.0 for GME. The volume and open interest trends suggest significant activity in both calls and puts within this price range. The largest trades include both bullish and bearish sentiments, with notable trades in calls and puts for strike prices around $16.00 to $17.00. GameStop's current market status shows a trading volume of 13,070,454, with a 2.21% price increase to $16.67, and an upcoming earnings announcement in 28 days.
May 08, 2024 | 5:15 pm
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GameStop has seen significant options trading activity, with a bullish sentiment from financial giants. The price target range is set between $15.0 and $18.0. Current market status shows GME's price up by 2.21% to $16.67, with an upcoming earnings announcement.
The bullish sentiment from financial giants and the specific price target range indicate a positive outlook for GME's stock in the short term. The increase in trading volume and the upcoming earnings announcement further support the potential for stock price movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100