GameStop's Price Declines Bring 'Time Decay' Pressure on Roaring Kitty's Options Position
Tuesday, 11 June 2024, 10:11
Summary:
The clock is ticking for Keith Gill, known as 'Roaring Kitty,' as GameStop's share price drops, impacting his options position. With the recent decline of GameStop shares by 12% to $24.83, Gill's profitability is at risk as the expiration date for the contracts nears. These developments come amidst Gill's role in the meme stock phenomenon of 2021.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.