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GameStop call volume above normal and directionally bullish

Bullish option flow detected in GameStop with 62,360 calls trading, 1.8x expected, and implied vol increasing almost 4 points to 104.34%. 12/2 weekly 30 calls and 12/2 weekly 27 calls are the most active options, with total volume in those strikes near 18,700 contracts. The Put/Call Ratio is 0.17. Earnings are expected on December 7th.

Published first on TheFly

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