Recently, retail traders propelled GameStop Corp. (GME), the specialty retailer, shares up by nearly 20%, reaching a two-month high during regular trading. This surge continued in anticipation of the company's upcoming quarterly results, highlighting a renewed appetite for risk in the market.
However, the scenario has changed, with investors now pivoting away from buying GME call options to actively selling them. This shift comes as meme stock enthusiasts reconsider their aggressive bullish strategies in response to the stock's pullback from its recent peak.
