TD Ameritrade Chief Strategist: Market Expects 7% Move For GameStop

Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that overall options trading was very light on GameStop Corp. GME.

Kinahan noted that the stock had rallied since the beginning of the year and was up approximately 15 percent.

According to the implied volatility, Kinahan said that the market expected a move, up or down, of 7 percent on earnings.

GameStop Corp. was scheduled to report Q4 earnings Thursday following the market close and it recently traded at $39.09, down 1.81 percent.

Kevin Riley and Brianna Valleskey contributed to this report.