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Barchart
Will Ashworth

Should You Follow Ryan Cohen Into Nordstrom?

Ryan Cohen GameStop Bed, Bath & Beyond Chewy GME JWN

GameStop (GME) stock closed Monday trading at $11.91. By 2:30 EST Wednesday, it had jumped to $17.28 (45% higher).

According to speculation, many call options with a $20 strike were bought, expiring a week Friday, sending the shares into the stratosphere. The video game retailer’s options volume on Wednesday was nearly 10x its 30-day average of 70,408. 

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