Why Opendoor Technologies' stocks rose today, increased today

• OpenDoor drove a rally for Meme-Stock rally to monster gains last week.

• Today is the monthly expiry date of the options that a higher trading volume could have addressed.

• The business is still fighting, but this is unimportant for the share price for the moment.

• 10 shares that we like better than OpenDoor technologies ›

Shares of Opendoor technologies (Nasdaq: Open) Have shot up again today and completed a remarkable week for the online home flipper, which shared a combination of a meme-stock rally, a possible short squeeze and a thesis that was divided Reddit and x.com that the company could be the next Carvana – A share that has increased more than 100 times after he almost went into bankruptcy a few years ago.

Today's move probably also benefits from the options on Friday, since monthly options have expired on the third Friday of the month, which tends to trigger higher volatility, especially in volatile stocks such as OpenDoor.

From 10:33 a.m. ET, the stock rose by 19.4%. The stock had previously increased up to 39% at the session before giving up some of these profits.

Once again there was no news about OpenDoor's business that would have driven today's movement. The rally is purely tading -oriented and dynamically based.

The trading volume also seems to get higher every day and shows that the rally attracts more traders, which could press the share even higher.

The last two sessions have set volume records for the share, and today a new record is likely to be achieved today. Just a little more than an hour in the trading session have changed more than 225 million shares to the owner. Yesterday 541 million stocks were traded, and only 729 million shares are pending, which means that yesterday almost 75% of the outstanding stocks were traded.

The current rally could remain, especially if the trading volume continues to increase, although some of today's activities are likely to refer to the course of the options, which means that we could see a decline on Monday.

Opendoor's business still needs help from the real estate market, and it doesn't seem to get it so soon. At the moment, the basics of the business do not seem to be important for the dealers who are driving the share higher, but that will eventually change.

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