4000 GME Mar24 24.5 puts went up in 1 block on the ARCA marked spread.  

GME

Shares of GameStop Inc. (GME) are down .63 to 24.01 today. GME is near the middle of 52 week range.

  • Paper traded 4000 GME Mar24 24.5 puts for .86    
  • The ADV is 7482 contracts. 
  • The OI is 360 contracts.

The volume went up in 1 block on the ARCA marked spread.  Noe contra side to the puts went up so the spread tag is against 240k shares of GME.  The trade looks delta neutral as the investor makes a play for earnings.

  • IV 30 is trading for 41%.  
  • HV10 is trading for 30%. 
  • IV 30 is trading above the HV 10.

GameStop Corp. is an omnichannel video game retailer.