Traders Are Betting That GameStop Will Jump 50% Within Two Weeks
- GameStop $20 Dec. 8 call options traded 17,500 times Tuesday
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Options in GameStop Corp. are seeing wild volume as traders bet that the stock will rally 50% in little over a week.
A Dec. 8 $20 call option changed hands 17,500 times by midday in New York. The vast majority of the positions were newly opened and traded in small blocks throughout the morning — a sign that appetite could be coming from individual retail traders.