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

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

Follow @Schaeffers

*SPONSORED CONTENT*

How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.

*SPONSORED CONTENT*