Why Opendoor Technologies Stock Was Soaring Today

Opendoor has ridden a meme-stock rally over the last week to monster gains. Today is the monthly options expiration date, which could have driven higher trading volume. Shares of Opendoor Technologies (NASDAQ: OPEN) were skyrocketing again today, capping off a remarkable week for the online home-flipper, which has surged on a combination of a meme stock rally, a possible short squeeze, and a thesis shared on Reddit and X.com that the company could be the next Carvana -- a stock that has jumped more than 100 times after nearly going into bankruptcy a few years ago.