GameStop Shares Rise 1.01% to $24.61
Moderately bullish activity in GameStop (GME), with shares up 24c, or 1.01%, near $24.61. Options volume roughly in line with average with 129k contracts traded and calls leading puts for a put/call ratio of 0.21, compared to a typical level near 0.2. Implied volatility (IV30) is higher by 1.6 points near 55.92,and below the 52wk median, suggesting an expected daily move of $0.87. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: GameStop (GME) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.