Webull Shares Climb; BULL Call Options Activity Rises as Retail Traders Pile In
Webull Corporation shares surged on Nasdaq Wednesday, with BULL up 11.9% to $6.16 at 1:52 p.m. in New York. The stock started at $5.41, hit $6.24, and volume reached 15.26 million—already over its 12.86 million average. The pop wasn’t driven by a new outlook or buyout chatter. Instead, traders piled back in, chasing moves in the volatile retail broker. Webull call options saw heavy action intraday, according to The Fly via TipRanks. Traders bought 57,626 calls, about triple the usual level. Implied volatility on the name was up more than four points to 66.97%. Most of the volume was in weekly June 12 calls with $6 and $6.50 strikes. Call options profit if shares go up. Implied volatility tracks expected moves priced in by the market.