GameStop Options Bet That the Stock Will Reach $800 on Friday
- Other options imply that this jump could take few days longer
- ‘It’s speculation gone wild, pure and simple’: Sosnick
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Shares of GameStop Corp. doubled yesterday and jumped another 19% today. Options traders think the stock can do much better than that.
The most-active option traded on the stock Thursday was a contract betting that GameStop shares would spike to $800 on Friday. Some 52,000 contracts changed hands during the session betting on this one-day gain of 636%