Day-Trader Obsession With Hated Stocks Takes Over Options Market
- Call buying has soared in heavily shorted stocks like GameStop
- Retail traders have cemented ‘dominance’ in options: Barclays
This article is for subscribers only.
The Reddit-led hunt for heavily shorted stocks is migrating to the options market.
The most-hated stocks have scorched the naysayers, with a Goldman Sachs Group Inc. basket set for its best month since at least 2008. That’s been accompanied by a “dramatic shift” in options activity toward heavily-shorted securities such as GameStop Corp., BlackBerry Ltd. and Palantir Technologies Inc., according to Barclays Plc analysts.