Options Market Statistics: Meme Stocks Are Back; AMC, BlackBerry Shares Surge and Options Pop Along With GameStop
News Highlights
$AMC Entertainment(AMC.US$ shares ended 31.98% higher. Its options trading volume was 1.80 million. Call contracts account for 63.4% of the total trading volume. The $8 calls expiring May 17 were traded most actively.
The resurgence of the meme stock phenomenon comes as trader Keith Gill, also known as "Roaring Kitty," resurfaced on X (formerly Twitter) after a three-year hiatus, posting a sketch Sunday night of a man leaning forward in a chair. Gill became the face of meme stock traders after he bought GameStop shares for $53,000 in 2019 and reportedly turned it into a multi-million stake due to the hype around the stock.
Once again, traders are posting about meme stocks on WallStreetBets, urging others to buy stakes in GameStop and additional meme favorites with the term YOLO, or "you only live once." Others posted screenshots of their gains from AMC, BlackBerry and additional stocks.
$SoFi Technologies(SOFI.US$ shares ended 5.06% higher. Its options trading volume was 0.56 million. Call contracts account for 82.4% of the total trading volume. The $8 calls expiring May 17 were traded most actively.
$BlackBerry(BB.US$ shares ended 11.94% higher. Its options trading volume was 0.44 million. Call contracts account for 84.3% of the total trading volume. The $4 calls expiring May 17 were traded most actively.
Unusual Stock Options Activity
There was a noteworthy activity in $Delta Air Lines(DAL.US$, where multiple calls have topped volume to open interest ranking. The highest volume over open interest ratio reaches 251x with nearly 101,169 contracts.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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