GameStop ($GME) is experiencing a significant surge in options trading activity. Notably, the net options delta has increased by 1.6 million shares, with a substantial influx of call options. Traders are heavily targeting the $125 calls expiring on June 21st, with volume nearly exceeding the open interest of 17,786 contracts. Additionally, June 1st calls with a $100 strike price have risen by 310%, despite being 120% out of the money, and are trading at a 16% premium with over 2,500 contracts traded. The implied volatility for options expiring tomorrow has surpassed 600%. Furthermore, weekly $128 strike calls expiring tomorrow have seen a surge in activity, with a significant bid to the upside. The $20 calls expiring June 21st, initially filled at $4.60, have peaked at $28.10, marking a 510% gain. June 14th $128 calls have also seen a big bid to the upside. The $20 calls now have an 86 delta, and shares would need to climb more than 170% tomorrow to push the $128 calls into the money.
Look at this. Unusual Whales noted the GameStop, $GME, $20 calls expiring June 21st on May 20th being filled at $4.60. Now, they valued at a high of today at $28.10, a $510% gain. If you put $460 in, you'd make $2810 at peak today. Follow on Unusual Whales for more plays. https://t.co/4jP9grfUBG
Trading in 6/7 GME calls with $128 strike price surges on Thursday. Shares would need to climb more than 170% tomorrow to push these into the money. https://t.co/haXUrNBig5
This is wild: GameStop, $GME, June 21st calls with a $100 strike price are up 310% today. These calls expire in just 2 weeks and are ~120% out of the money. Yet, they're trading with a premium of 16% and over 2,500 contracts have traded today. Traders seem to be suggesting…
This is wild: GameStop, $GME, June 1st calls with a $100 strike price are up 310% today. These calls expire in just 2 weeks and are ~120% out of the money. Yet, they're trading with a premium of 16% and over 2,500 contracts have traded today. Traders seem to be suggesting…
$GME Incredible Massive call buying. Tomorrow's exp IV >600%! https://t.co/x0TVr6atVg
$GME those June $20 calls he is holding now up to an 86 delta, the higher the stock squeezes the more dealers have to buy stock, as they are short the calls he bought.. watching a real live gamma squeeze Also the weekly $128 max strike calls which expire tomorrow are seeing 50k…
$GME jun14th 128 calls, big bid to upside w/ move in stock, keep in mind, still $77 out of money https://t.co/dTp1W9PM2a
For those asking, yes people are hitting the GameStop, $GME, $125 calls for June 21st over the last thirty minutes. Generally larger traders seem to be trying to sell the $125s to capture premium. Volume has nearly exceeded open interest today, which is at 17786 OI already! https://t.co/29uQl7WpGK
For those asking, yes people are hitting the GameStop, $GME, $125 calls for June 21st over the last thirty minutes. Generally market makers have been trying to sell the $125s to capture premium. Volume has nearly exceeded open interest today, which is at 17786 OI already! https://t.co/oO5d061SgZ
$GME Net Options Delta: +1.6M shares Calls continue to pour in rapidly. https://t.co/l21V0FC3EB