Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

Options Market Statistics: GameStop Shares Tumble and Options Pop Amidst Disappointing Q1 Report

avatar
Options Newsman wrote a column · Jun 7 19:53
News Highlights
$GameStop(GME.US)$ shares ended 39.38% lower. Its options trading volume was 2.39 million. Call contracts account for 62.5% of the total trading volume. The $40 calls expiring June 7 were traded most actively.
The company reported Q1 revenues of $882 million, a decrease from $1.237 billion in the same quarter of the previous year and falling short of the anticipated $995.5 million. The quarterly loss stood at $32.3 million, an improvement from the $50.5 million loss seen in the same quarter last year, yet with an adjusted per-share loss of $0.12, it did not meet analysts' expectations.
Such disappointing results suggest that Gamestop is encountering more serious obstacles than previously thought. Declines were seen across all the company's sub-sectors, including hardware and accessories, software, and collectibles, underscoring the struggles Gamestop faces in preserving its market share and achieving revenue growth amidst fierce competition and swift industry changes.
Options Market Statistics: GameStop Shares Tumble and Options Pop Amidst Disappointing Q1 Report
$NVIDIA(NVDA.US)$ shares ended 0.09% lower. Its options trading volume was 1.97 million. Call contracts account for 59.4% of the total trading volume. The $1200 calls expiring June 7 were traded most actively.
Nvidias 10-for-1 stock split will take place after the market closes today, and trading on a split-adjusted basis will start Monday. If history is any indication, the split could be a bullish sign for its stock.
Average returns one year after companies announce stock splits are 25%, compared with 12% for the broader S&P 500, Bank of America analysts wrote in a note.
Options Market Statistics: GameStop Shares Tumble and Options Pop Amidst Disappointing Q1 Report
$Marathon Digital(MARA.US)$ shares ended 7.36% lower. Its options trading volume was 0.36 million. Call contracts account for 75.5% of the total trading volume. The $21 calls expiring June 7 were traded most actively.
Options Market Statistics: GameStop Shares Tumble and Options Pop Amidst Disappointing Q1 Report
Options Market Statistics: GameStop Shares Tumble and Options Pop Amidst Disappointing Q1 Report
Unusual Stock Options Activity
There was a noteworthy activity in $Monster Beverage(MNST.US)$, where multiple puts have topped volume to open interest ranking. The highest volume over open interest ratio reaches 119.8x with nearly 20,001 contracts.
Options Market Statistics: GameStop Shares Tumble and Options Pop Amidst Disappointing Q1 Report
For all the mooers in Singapore, you can now lower your options commssions with our new campaign. Come check the link: US Stock Option.
Daily Active Index & Sector ETF Options
Options Market Statistics: GameStop Shares Tumble and Options Pop Amidst Disappointing Q1 Report
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
Having trouble understanding the concepts of options trading? Check out these beginner-friendly guides:
Disclaimer: Options trading entails significant risk and is not appropriate for all investors. Certain complex option strategy carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Option. This article is for information and illustrative purposes only, and is not a promotion of option trading or a recommendation of any of the specific option mentioned above.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
33
1
3
+0
3
Translate
Report
80K Views
Comment
Sign in to post a comment