Yesterday's bullish options flow is holding up well, with GPRO surging 57.5% and the group averaging a solid 5.0% gain as 13 of 15 names stay positive. The bearish positioning is following through more cleanly, down 2.6% on average with all 15 names in the red, suggesting sellers nailed the direction better than buyers did.
Note these bulls showed you direction but probably got fried. GoPro shareholders will receive an aggregate cash payment of $285 million ($1.14 per share) and keep roughly 10% ownership of the combined. When stagging M&A, call spreads are always the better instrument. $1.50 was way too aggressive.
Major Shareholder: Mark Fischbach (Markiplier) revealed an 8.5% stake worth roughly $9.3 million, making him GoPro’s largest individual shareholder.
Stock Reaction: Shares skyrocketed over 46% during regular trading on August 31, 2026, and continued climbing past $1.80 in subsequent premarket.
Delisting Relief: The massive price jump pushed GPRO shares back above the Nasdaq $1 minimum bid threshold, helping alleviate immediate delisting pressures
