Options Traders Target Soaring Genius Group Stock

The stock is seeing a surge in options volume as well

Deputy Editor
Jan 30, 2023 at 3:12 PM
facebook twitter linkedin

Genius Group Ltd (NYSE:GNS) is soaring today, up 49.4% at $5.90 at last glance -- trading as high as $7.27 earlier -- after news that the company is spinning off one of its subsidiaries, Entrepreneur Resorts Ltd. Worth $37 million, the resort name was acquired by Genius Group in June 2020, and all shareholders of GNS will receive an equal percentage of shares in Entrepreneur Resorts. 

GNS is seeing a surge in options volume today. So far, 15,000 calls and 5,232 puts have been exchanged, which is 3.1 times the usual daily volume already. The February 8 and 7 calls are the most popular, with new positions being opened at both. 

The stock is working its way higher this month, and blasted out of penny stock territory today after starting the year below $1. The shares also recently broke above their 140-day moving average. 

GNS Jan30


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners