GameStop (GME) stock price has maintained its selloff over the past 5 days. The shares have nosedived by 7.11% to $23.97 as of the time of this writing.
GameStop Sees Surge in Implied Volatility
On Friday, the GME dropped by 3% just around the time when certain unusual options activity were discovered. This price movement underscores an ongoing volatility sentiment around the meme stock. Popular stock market data resource Unusual Whales highlighted the volatile state of the video game retailer’s options market.
The $125 calls expiring Friday experienced a significant surge in Implied Volatility (IV). It moved from 650% on Wednesday to 1,127% the following day. This spike in IV suggests significant uncertainty and speculation about the stock’s near-term movements. To a large extent, traders may expect a sizable fluctuation in price as a result of the high IV in GameStop’s options.
This outlook can further directly impact on the stock price by creating additional volatility as th
We współpracy z: https://coingape.com/why-is-gamestop-gme-down-7-11-today/
