Opendoor Stock Taps 3-Year High as Options Traders Pile On

Core Insights - Opendoor Technologies Inc's shares surged 61.7% to $9.48 following the appointment of Kaz Nejatian as the new CEO and Keith Rabois as chairman, after the resignation of former CEO Carrie Wheeler due to investor pressure [1] - The stock is gaining renewed attention as a meme stock, particularly in options trading [1] Trading Activity - Trading activity is currently at three times the intraday average, with 2.16 million calls and 1.17 million puts traded [2] - The most popular options contracts are the weekly 9/12 10-strike call and the September 10 call, with positions being bought to open [2] - The stock reached a three-year high of $10.30, marking its best daily percentage gain ever and extending a 495% year-to-date gain [2]