Investors Bet On GameStop Surge: Anticipation For 28% Rise Next Week As Meme Stocks Regain Popularity

Benzinga ·  11/30/2023 17:48

In the lead-up to GameStop's (NYSE:GME) third-quarter earnings report, investors are showing renewed interest in the company's stocks, betting on a significant rise.What Happened: Traders are heavily investing in deep out-of-the-money call options for GameStop stock. They are speculating that the stock price will surge about 28% from current levels to above $20 before Dec. 8, Business Insider reported.The call options tied to GameStop expiring on Dec. 8 have seen increased trading volume recently, with over 15,000 contracts open as of Wednesday. More than 4,000 of these contracts traded hands during the first 30 minutes of Wednesday

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