Unstoppable GameStop just Topple NVIDIA and Tesla to be King of the Trading Pit.

Ladies and gentlemen, gather 'round because we’ve got a wild story straight out of the Wall Street jungle.

So, you’ve heard of GameStop, right? The stock that turned Reddit into the new Wall Street Journal? Well, hold onto your hats because GameStop options trading just surged past Tesla and Nvidia! Yeah, GameStop is the new king of the trading pit.

Picture this: almost 900,000 options flying off the shelves before noon. That’s more action than a Michael Bay movie! GameStop even beat Tesla’s 802,650 contracts and Nvidia’s 700,000. Move over, Elon—GameStop's the new hotshot in town.

And get this, the most popular options were the ones giving folks the right to buy GameStop shares at $50 by the end of the day. But there’s a twist! Those options plummeted by 44% as the stock dropped to $37.26. It’s like buying a lottery ticket for a winning number from last week. Ouch!

Why the sudden nosedive? Well, GameStop reported some pretty lousy financial results and announced they’re selling up to 75 million new shares. That’s like inviting everyone to the party and then diluting the punch. Shareholders were not amused as the stock slumped 20%.

Net sales for the fiscal first quarter ended May 4 shrank to $881.8 million from $1.24 billion a year earlier. I mean, even my houseplants are growing faster than that!

And to top it all off, they filed for the new stock offering after already selling 45 million shares for $933.4 million. Talk about trying to cash in while the cashing is good.

Now, before you dive into options trading thinking you’ll become the next Wolf of Wall Street, here’s a disclaimer: options trading is risky. You could lose all your money faster than you can say “short squeeze.” So, read all the fine print, consult your tax advisor, and maybe keep a good therapist on speed dial.

Remember folks, investing isn’t just about making money—it’s about not losing your shirt. Stay smart, stay safe, and if all else fails, there’s always dogecoin!