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.