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benzinga.com
218 days

Spotlight on GameStop: Analyzing the Surge in Options Activity - GameStop (NYSE:GME)

1. Whales are bearish on GameStop; 60% of trades reflect this sentiment. 2. Significant puts indicate expectations of price declines; 20 puts total $1.02 million. 3. Projected price targets from options range from $22.0 to $125.0 over three months. 4. Current GME trading volume is 4,043,916, with a price drop of 2.51%. 5. Judging by RSI, GME may be nearing overbought conditions.

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FAQ

Why Bearish?

The high percentage of bearish trades signifies strong market pessimism, mirroring past declines.

How important is it?

The article provides insight into whales' bearish strategies affecting GME's market prospects.

Why Short Term?

Immediate bearish sentiment from options trades can affect GME's short-term price action.

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