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Home » Markets » GameStop stock’s massive rally driven by fresh wave of speculative bets
Markets

GameStop stock’s massive rally driven by fresh wave of speculative bets

Crypto Observer StaffBy Crypto Observer StaffNovember 29, 2023No Comments1 Min Read
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Traders are piling into long-shot GameStop Inc. call options that would pay off if the stock price nearly doubles before, or shortly after, the company’s Dec. 6 earnings report, FactSet data show.

Among standardized call options expiring on Dec. 8, two days after the company’s upcoming earnings report, investors have piled into options with strike prices at $20, $22, and $22.50, along with other contracts even further out. For a $22.50 call to be considered “in the money,” the stock would need to climb at least 40%. Shares…

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