{"id":190426,"date":"2021-02-26T16:59:59","date_gmt":"2021-02-26T13:59:59","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/some-gamestop-traders-think-stock-will-surge-to-800-in-one-day\/"},"modified":"2021-02-26T16:59:59","modified_gmt":"2021-02-26T13:59:59","slug":"some-gamestop-traders-think-stock-will-surge-to-800-in-one-day","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/some-gamestop-traders-think-stock-will-surge-to-800-in-one-day\/","title":{"rendered":"#Some GameStop traders think stock will surge to $800 in one day"},"content":{"rendered":"

“#Some Game<\/a>Stop traders think stock will surge to $800 in one day<\/strong>”<\/p>\n

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Some GameStop traders think the so-called meme stock will build on this week\u2019s surprise surge \u2014 by skyrocketing to $800 in a single day.<\/p>\n

The most popular GameStop options contract on Thursday was a bet that the shares would climb to that price on Friday, Bloomberg data show.<\/p>\n

More than 52,000 of those contracts were traded as the video-game retailer\u2019s stock climbed more than 141 percent over two days to close at $108.73 on Thursday, according to the data.<\/p>\n

The contracts are known as call options, which give buyers the right to purchase a stock at a certain price before a specific date without requiring them to ultimately take the shares.<\/p>\n

The odds of GameStop reaching the $800 mark on Friday are pretty slim even though Reddit<\/a>\u2019s army of retail traders has started pumping up the stock again.<\/p>\n

The Texas-based company\u2019s shares were trading at $122.05 as of 8:05 a.m., up 12 percent from the prior day but still less than one-sixth of the price specified in those hot options contracts.<\/p>\n

\"Vladimir
Vladimir Tenev chief executive officer of Robinhood Markets, Inc., testifies during a virtual hearing on GameStop.<\/figcaption>
House Financial Services Committee via AP<\/span><\/figcaption><\/figure>\n

But that hasn\u2019t stopped traders from placing other lofty wagers. The second-most-active options contract bet that GameStop would hit $200 on Friday \u2014\u00a0a mark it hasn\u2019t reached since Feb. 1 \u2014 while Nos. 7 and 8 anticipated the stock vaulting $800 by March 5 or March 19, Bloomberg figures show.<\/p>\n

It\u2019s unclear from the data whether the contracts themselves were primarily being bought or sold, according to Bloomberg News<\/a>.<\/p>\n

\"Keith
Keith Gill, a GameStop investor, also known in social media forums as Roaring Kitty, testifies during a virtual hearing on GameStop.<\/figcaption>
House Financial Services Committee via AP<\/span><\/figcaption><\/figure>\n

The trades came as GameStop shares exploded for the second time in a month after about two weeks of muted trading. The initial frenzy around the stock in January \u2014 which was pushed by rookie investors on Reddit\u2019s WallStreetBets forum \u2014 drew the attention of federal regulators and Congress.<\/p>\n

It\u2019s unclear what sparked this week\u2019s surge, but it app<\/a>eared to start after a cryptic tweet from GameStop investor Ryan Cohen, who was reportedly behind the resignation of chief financial officer James Bell.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Some GameStop traders think stock will surge to $800 in one day” Some GameStop traders think the so-called meme stock will build on this week\u2019s surprise surge \u2014 by skyrocketing to $800 in a single day. The most popular GameStop options contract on Thursday was a bet that the shares would climb to that price…<\/p>\n","protected":false},"author":1,"featured_media":190427,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/Financial-Markets-GameStop.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[95308,72128,73711,5005,70359,70360],"class_list":["post-190426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-2-26-21","tag-gamestop","tag-investments","tag-reddit","tag-stocks","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/190426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=190426"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/190426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/190427"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=190426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=190426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=190426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}