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

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

Posted-In: JJ Kinahan TD AmeritradePreviews Exclusives Trading Ideas Interview

 

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