GameStop Option Alert: Jun 28 $128 Calls Sweep (48) near the Ask: 397 @ $0.92 vs 15128 OI; Ref=$27.305
Portfolio Pulse from Benzinga Newsdesk
An option alert for GameStop (GME) indicates a sweep of 48 call options for the June 28 expiration at a strike price of $128, with a price of $0.92 per option. This is notable given the current reference price of $27.305 and the open interest of 15,128 contracts.
June 13, 2024 | 5:49 pm
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An option alert for GameStop (GME) shows a significant sweep of 48 call options for June 28 at a $128 strike price, priced at $0.92. This could indicate bullish sentiment among traders, given the current stock price of $27.305.
The sweep of call options at a significantly higher strike price suggests that traders are betting on a substantial increase in GameStop's stock price by June 28. This could lead to increased buying pressure in the short term.
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