Market Whales and Their Recent Bets on GME Options
Portfolio Pulse from Benzinga Insights
Wealthy investors have taken a predominantly bearish stance on GameStop (NYSE:GME) options, with 90% of the trades being bearish. Benzinga's options scanner identified 21 unusual options trades, indicating significant market activity. The price target for GME ranges from $10 to $125 over the next three months.
July 24, 2024 | 4:01 pm
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Wealthy investors have taken a predominantly bearish stance on GameStop (NYSE:GME) options, with 90% of the trades being bearish. This indicates a potential decline in GME's stock price in the short term.
The significant volume of bearish options trades suggests that investors expect GME's stock price to decline. The price target range of $10 to $125 indicates a wide range of potential outcomes, but the overall sentiment is bearish.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100