Smart Money Is Betting Big In GME Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital are showing a bullish stance on GameStop (NYSE:GME) through options trading. Benzinga's options scanner identified 10 notable trades, with a majority being call options. The sentiment is mixed but leans bullish, with a focus on a price range between $10.0 and $20.0. GameStop's stock is currently priced at $20.65, with RSI indicators suggesting it may be approaching oversold territory.
August 06, 2024 | 4:16 pm
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Significant options trading activity in GameStop (NYSE:GME) indicates a bullish sentiment among big-money investors. The focus is on a price range between $10.0 and $20.0, with the current stock price at $20.65. RSI indicators suggest the stock may be approaching oversold territory.
The majority of the options trades identified are call options, which generally indicate a bullish sentiment. The significant volume and open interest in these trades suggest that major market movers are expecting an upward price movement. Additionally, the RSI indicators hint at a potential oversold condition, which could lead to a price rebound.
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