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The endgame may be near for the squeeze trade

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The GameStop Corp. logo on a smartphone and the Robinhood website on a laptop computer.

Tiffany Hagler-Geard | Bloomberg | Getty Images

Peak GameStop

GameStop’s volume and volatility have been much lower this week than in the six previous days. This is also true of other heavily shorted names like Bed Bath and Beyond, Express and AMC.   

What’s going on? 

Chris Murphy, co-head of derivative strategy at Susquehanna Financial Group, ticked off the signs that the endgame may not be far off for GameStop:  “More puts than calls have been trading recently. Open interest in call options is much lower. There’s a decline in volatility. There’s signs the Reddit flows are moving elsewhere, like…



Source cnbc.com

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