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GameStop Stock (GME) Surges Amid Heavy Call Option Activity

GameStop Stock (GME) Surges Amid Heavy Call Option Activity

Author:

Global Cryptocurrency

Published:

2025-10-24 06:37:02

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BTCCSquare news:

GameStop shares rallied 5.07% to $23.63 on Thursday despite the absence of fresh catalysts. The MOVE was fueled by aggressive call option buying, with trading volume surpassing 233,000 contracts—nearly double the 20-day average.

Traders targeted short-dated $23.50 and $24 strikes expiring Friday, driving the put/call ratio to 0.1—its most bullish level since July. The skew reflects expectations for near-term upside, with market makers' hedging activity potentially creating reflexive buying pressure.

Fundamentals remain unchanged since September's earnings report, suggesting technical factors dominate. The activity echoes past meme-stock rallies where derivatives flows became self-reinforcing.

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