2 hours ago
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Patrick Martin
Mon, May 4, 2026 astatine 11:27 AM CDT 1 min read
GameStop Corp (NYSE:GME) shook up Wall Street this morning, arsenic CEO Ryan Cohen toys with buying eBay (EBAY) for $56 cardinal successful an effort to rival Amazon.com (AMZN). GameStop banal is 8.1% little to commercialized astatine $24.38 astatine past look, portion EBAY is 5.9% higher to commercialized astatine $110.20. Even anterior to today's bombshell, telephone traders person been loading up connected GME.
The erstwhile meme stock has appeared connected Schaeffer's Senior Quantitative Analyst Rocky White's database of names connected the S&P MidCap 400 Index (SP400) that person attracted the astir options measurement successful the past 2 weeks. During this time, 2,129,537 calls and 291,985 puts were exchanged. The play 5/8 26-strike telephone is the astir popular, portion January 2027 30-strike calls were a apical semipermanent contract.
Today is much of the same. At past look, implicit 300,000 calls person changed hands, measurement that's triple the mean intraday magnitude and astir quadruple the fig of puts exchanged. The aforementioned play 5/8 26-strike is starring the charge, portion the June 30 telephone is besides popular.
On Friday, GameStop banal closed astatine its highest level since October, but was turned distant a downtrend enactment from that peak. The shares are 22% higher connected the twelvemonth still, but 11.8% little successful the past 12 months.
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