Reddit’s Meme Stock Mayhem Has Returned, And It’s Taking GoPro And Krispy Kreme Along For The Ride

Jordan Belfort must be proud of Reddit, where his pump-and-dump playbook is thriving again. Just days after the platform fueled 2x–5.4x surges in OpendoorOPEN

and Kohl’sKSS

, the darlings plunged 20.5% and 14.2% on Wednesday. With r/WallStreetBets now targeting a fresh crop of stocks, insiders feel we’re repeating 2021’s market mania.

• Traders have specifically targeted heavily shorted companies with call options — sending GoProGPRO
  soaring as much as 73% yesterday amid a post-2021 record of 56K+ call contracts.
• Krispy KremeDNUT
  surged up to 25% Wednesday as Reddit comments increased by 76,800% this week — with call volumes hitting 100K contracts on Tuesday.

Short squeeze spotlight: ZeroHedge screened for potential targets with market caps between $10M and $1.5B and short interest above 25%. The most susceptible include Beeline HoldingsBLNE

, NeoVoltaNEOV

, and SkillzSKLZ

, with short interests of 106.8%, 81.2%, and 81%, respectively. However, hedge funds are more prepared this time, eyeing puts to capture a reversal. Belfort lost his license before he could pitchDNUT

— but hopefully his disciples are making dough despite glazing over fundamentals this hard.