PEW GrabAGun stock - Donald Trump Jr. - All Time Low - EarningsPEW (GrabAGun Digital Holdings) is one of those rare stocks where fear and neglect may be creating asymmetric opportunity.
The price is hovering near all-time lows, sentiment is overwhelmingly negative, and most traders have moved on. And yet, these moments often reveal the setups that can deliver outsized returns.
GrabAGun is a fully legal online retailer specializing in firearms, ammunition, and tactical accessories. It operates in a politically charged sector and has attracted attention for its high-profile board members, including Donald Trump Jr.
His involvement is undeniable: it brings credibility, visibility, and access to a highly engaged base of supporters passionate about Second Amendment rights.
Historically, firearms-related stocks tend to see spikes in volume and price around political cycles, and PEW sits right in the middle of that narrative.
The current weakness in the stock largely reflects SPAC fatigue, limited institutional coverage, negative small-cap sentiment, and a small float. In other words, the low price reflects disappointment from the past, not the company’s future potential.
And now, an interesting development is emerging: a surge of out-of-the-money calls, particularly right before earnings.
The recent unusual options activity surrounding the February 20, 2026, $5 call options on GrabAGun Digital Holdings Inc. (PEW) stock has caught the attention of traders, with a massive open interest exceeding 32,000 contracts and significant volume spikes, including over 1,600 contracts traded in a single session at prices around $0.12.
Despite the stock currently hovering near $3.20, making these calls deeply out-of-the-money, the aggressive buying flows—such as large sweeps at $0.10 to $0.25 earlier in January—suggest institutional players might be positioning for a sharp upside catalyst, potentially tied to upcoming earnings on February 25 or geopolitical events boosting arms sales.
This setup could prove extremely bullish short-term if a buyout rumor or strong quarterly results ignite volatility, turning these lottery-like plays into explosive winners with implied volatility already at 141% hinting at outsized moves ahead.
With earnings coming, the stage is set for a potential shake-up.
Bullish!
Long