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Luke Kawa

GameStop surges as company offers promotions to boost launch of “Pokémon” Mega Evolution set

GameStop is jumping as the company offers promotions to boost interest for today’s North American launch of the Mega Evolution set of the “Pokémon Trading Card Game.”

Options activity is a little more tilted to the bull side than usual. Over the past month, a little less than four calls have changed hands for every put option. As of 10:22 a.m. ET, that ratio is over five to one.

It’s a big day for collectibles fans and gamers alike: beyond the “Pokémon TCG” drop, there are also new collections from “Yu-Gi-Oh! and Magic: The Gathering being released and EA SPORTS FC 26, as well.

As we’ve written, Pokémon trading cards have been skyrocketing in value, and GameStop’s collectibles business has been accelerating. These are two sides of the same coin.

Mega Gardevoir... here I come!

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Airline stocks dip as US-Venezuela tensions send oil prices climbing

Oil prices are climbing on Monday as tensions between the US and Venezuela escalate, threatening to tighten global supply. West Texas Intermediate crude futures were up more than 2.6% in morning trading.

What’s good for crude isn’t ideal for airlines, which could see higher fuel costs. Shares of several major airlines are down on the price action, including Delta Air Lines, United Airlines, American Airlines, and JetBlue.

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