GameStop's Potential 50% Surge Sparks Trader Speculation

Traders are actively trading options in GameStop Corp., speculating that the stock will surge by 50% within a little over a week. The majority of these positions were newly opened and traded in small blocks, indicating potential interest from individual retail traders. While GameStop has been popular among the Wall Street Bets crowd, who previously drove the shares up significantly, experts believe that another surge of that magnitude is unlikely. The options in question, expiring on December 8, were relatively inexpensive, and they would also capture the company's upcoming earnings report. However, the implied move in the stock falls short of the advance needed to make the options profitable.