GameStop Option Alert: Fri $20.5 Calls Sweep (32) above Ask!: 611 @ $0.464 vs 738 OI; Earnings 6/5 After Close [est] Ref=$16.685
Portfolio Pulse from Charles Gross
GameStop saw significant options activity with a sweep of 32 calls for the $20.5 strike price at $0.464 each, above the ask price, against an open interest of 738. This activity comes ahead of their earnings report expected on June 5th, after market close, with the reference stock price at $16.685.
May 08, 2024 | 6:20 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The significant options activity on GameStop, particularly the sweep of calls above the ask price, indicates speculative interest or bullish sentiment ahead of their earnings report.
Options activity, especially calls bought above the ask price, often signals investor optimism or speculation about future stock price movements. With GameStop's earnings report imminent, this activity suggests that some investors are betting on positive news or a favorable market reaction, potentially driving short-term price increases.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90