Traders, grab a controller.
GameStop is set to report earnings after Thursday's bell, and the market is predicting a massive move for the stock. Based on options prices, traders are expecting GameStop shares to move about 11 percent on Friday alone, according to CNBC contributor Mike Khouw.
That's much more than the stock's average post-earnings move of 5.3 percent over the past eight quarters—meaning traders seem to expect that some stock-rocking news is ahead.
So which way will the shares go?
Well on Wednesday, as GameStop options traded twice their daily volume, the most popular bet seemed to be that the stock was set to drop.