www.marketwatch.com/articles/...36461be?mod=mw_more_headlines
Traders are betting GameStop shares will surge nearly 200% on Friday
By Joseph Adinolfi
It's a classic "YOLO" trade.
Some traders are betting on a massive move in GameStop Corp. shares on Friday, as a YouTube channel long associated with meme-stock champion Keith Gill prepares to deliver its first livestream in three years.
Trading volume in June 7 GameStop calls with a strike price of $128 a share — the highest available among publicly listed options — surged on Thursday, with more than 54,000 contracts changing hands, according to FactSet data, making them the most heavily traded contracts tied to GameStop.
Contracts with the same strike price expiring a week later also saw a burst of activity, with nearly 20,000 of them trading.
GameStop shares were up 46.7% on Thursday at $46.23. That means they're still more than $80 shy of the mark. The stock would need to rise by nearly 180% on Friday to push these contracts into the money.