After Digital World Acquisition’s wild surge Monday, some options traders are betting shares may double within days.
Options volume in the stock has soared in the past two sessions, with a record number of contracts having already changed hands this week. Meanwhile, shares of the SPAC — which is trying to take Donald Trump’s social media firm public — rallied 88%, before paring some of the gains Tuesday.
Shares were trading this afternoon at $47.45 after falling off a new 52-week high of $50.50 earlier today. Read more.
