GME Jan 2025 5.000 call
| Previous close | 18.50 |
| Open | 18.50 |
| Bid | 20.20 |
| Ask | 23.25 |
| Strike | 5.00 |
| Expiry date | 2025-01-17 |
| Day's range | 18.50 - 18.50 |
| Contract range | N/A |
| Volume | |
| Open interest | 165 |
- Yahoo Finance Video
Meme trade falls, JOLTS signal normalization: Trading takeaways
Yahoo Finance's Josh Schafer joins Asking for a Trend to break down the trading day's takeaways. While the US Job Opening and Labor Turnover Survey (JOLTS) saw job openings fall to the lowest level since February 2021, Schafer points out that weak data isn't necessarily bad. He notes that in the context of the pre-pandemic levels, May's JOLTS report could signal a normalization. Turning to energy, Schafer explains that the sector has been the worst-performing of the S&P 500 (^GSPC) in the last two months. He notes, "When energy started rallying, we were talking a lot about a potential reflation trade. We were talking about worries and inflation through the first quarter. Energy usually benefits in that sort of scenario. Over the last month, as we've been talking about softening data, if the economy slows down, that might be good for inflation. So that's one thing that sort of feeds into it." Schafer's final takeaway is the fall of the meme stock trade after the online return of "Roaring Kitty," best known for the GameStop (GME) short squeeze of 2021. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl
- Yahoo Finance Video
E-Trade's potential 'Roaring Kitty' ban enters 'gray areas'
The meme trade influencer known as "Roaring Kitty" faces the possibility of a ban from the stock trading platform E-Trade. This comes after alleged market manipulation by the trader, triggered by a social media post in which he unveiled his position in GameStop (GME), creating a massive rally in the company's shares. Joining Catalysts to dissect the details is AnnaMaria Andriotis, the Wall Street Journal reporter who broke the story. Andriotis sheds light on the timeline of events, noting that the speculation around market manipulation began on May 12 when Roaring Kitty first posted a meme to X, formerly Twitter, reigniting the meme trade. Subsequent investigations revealed that "he had made a large purchase of GameStop options before that tweet had gone out." However, Andriotis notes there are broader implications for E-Trade if the platform decides to ban Keith Gill. Such a move could result in the loss of a substantial portion of its customer base. "This isn't an easy calculation that is playing out internally, and it does touch on some gray areas. And it's an area... that regulators themselves are looking at," Andriotis told Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- Yahoo Finance Video
GameStop rally: What the options market saw coming
GameStop (GME) shares surged as high as 75% after Monday's market open before calming ahead of the closing bell. What exactly brought on this second rally in the past month for the meme stock? Meme trader "Roaring Kitty" — the username of Keith Gill on X (formerly Twitter) — shared a screenshot of his investment portfolio revealing $175 million in GameStop shares and options trades. The legitimacy of this photo has yet to be verified. Susquehanna Co-Head of Derivative Strategy Chris Murphy joins Yahoo Finance's Market Domination to talk about whether investors could have anticipated this jump in GameStop stock, including from options traders. "There's no real story, there's no real event. You can kind of see that information out there. Obviously... we weren't expecting it to be a specific person, but you can see these trades. It's a listed market every option trade that trades is accounted for and you can see it after the fact," Murphy says. "That's why this, trading options is challenging. But this information was out there in the world, just not who it was." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
