Some investors had bet against GameStop, viewing its retail business model as outdated. But GameStop shares began to rise as investors cheered the video game retailer's announcement on Jan. 11 about appointments to its board to double down on digital sales. Volume has also surged in GameStop options, hitting a record of 2.13 million contracts on Friday. On Monday, about 355,000 GameStop options contracts had traded, about four times expected volume, according to Trade Alert. Given the sharp ascent in GameStop shares, expectations for volatility have likewise climbed.

Source: CBC News January 25, 2021 18:11 UTC