Remember Gamestop (GME) featured in yesterday's most unusual calls?
This is what it looked like: $380,000 GME Jun 18 180 Calls for $23.55
Those calls traded to $51.53 today! A +118% ROI in one day.
Here's the press release sourced by Marketwatch:
"An exchange-traded fund that offers investors exposure to meme assets, and all of the trending investments that social media has to offer, is making its debut on Wall Street."
Gamestop is at the top of that list!
This insider KNEW news was coming - and they made $380,000+ overnight!
Seeing real-money insider bets in real-time (like this one) is easy for you to do with the assistance of our intelligence platform.
Today's Market Close
S&P 500 (-0.21%) NASDAQ (-0.03%) DJIA (-0.24%)
Today's Most Unusual Calls
$38,012,150 TSLA May 28 600 Calls for $12.10
This is a short-term bullish bet on Tesla (TSLA).
And if it looks like a BIG bet… it's because it is!
Tesla is trading just above $600, a key support level for traders and investors.
And this insider pushed $38M+ worth of chips in betting on a short-term bounce in Tesla by Friday (when these options expire).
Many believe Elon Musk, the face of Tesla, is an innovator.
We'll keep our eyes on the smart money's price action…
Today's Most Unusual Puts
$23,849,280 PBR Jan 20 '23 12 Puts for $3.90
This is a long-term bet against Petroleo Brasil (PBR).
Petroleo Brasil has seen decreasing year-over-year sales income since 2015.
That's not a healthy sign for a company - and sometimes companies with slowing growth, or negative growth, can hit the infamous OTC market in the blink of an eye.
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