Tags: options | market | virgin galactic | plug power

Options Market Darlings Virgin Galactic, Plug Power Are Surging Again

Options Market Darlings Virgin Galactic, Plug Power Are Surging Again

Cpenler | Dreamstime.com

Wednesday, 19 February 2020 09:45 AM EST

A number of stocks that have captured investor attention are continuing their gains as the options market more and more resembles a roulette wheel.

Richard Branson’s space-tourism company Virgin Galactic Holdings Inc. (SPCE) jumped more than 10% in trading before the U.S. market open on Wednesday, on track for another day of double-digit gains.

Meanwhile, Plug Power Inc. (PLUG) rose more than 9% as retail investors talked up their positions on message boards like r/wallstreetbets on Reddit. Fellow renewable energy equipment-maker FuelCell Energy Inc. (FCEL) rose 6.5%.

Tesla Inc. (TSLA), a favorite among retail investors, jumped more than 6% in part after analysts at Piper Sandler Cos. raised their price target to the highest on Wall Street.

As the four stocks extend their rallies, bets in the options market are also mounting. Tuesday saw options volume that dwarfed historical averages.

© Copyright 2026 Bloomberg News. All rights reserved.


StreetTalk
A number of stocks that have captured investor attention are continuing their gains as the options market more and more resembles a roulette wheel.
options, market, virgin galactic, plug power
140
2020-45-19
Wednesday, 19 February 2020 09:45 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved