Traders Picked Up GameStop Options Ahead of ‘Roaring Kitty’ Hype
- GameStop calls had their second busiest day of 2024 on Friday
- ‘It all seems a bit convenient’: Interactive Brokers’ Sosnick
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Traders quietly gathered positions in GameStop Corp. options leading up to Monday’s wild rally in the meme stock.
Call option volume on Friday neared 300,000 — the second most active day this year, trailing only May 3. The activity aligns with GameStop’s soaring stock price, which jumped 68% in the three weeks through last Friday as trading volume took off.