Market Speculation Surrounding Roaring Kitty's GameStop Options Position

Wednesday, 12 June 2024, 21:38
Market participants are analyzing a surge in trading of short-dated GameStop options contracts, suggesting that Keith Gill, also known as Roaring Kitty, might have trimmed his disclosed options position in the company. Gill, a key figure in the 2021 meme-stock trend, recently revealed significant GameStop stock and options holdings through a Reddit post on June 2. The community is buzzing with speculation about the implications of this potential move by Roaring Kitty in the market.
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Market Speculation Surrounding Roaring Kitty's GameStop Options Position

Roaring Kitty Ties to GameStop Options Position

A surge of trading in some short-dated GameStop options contracts on Wednesday suggested to some market participants that Keith Gill, the stock influencer known as Roaring Kitty, may have sold some of his recently-disclosed options position in the company.

Gill's Role in the Meme-Stock Phenomenon

Gill, who helped launch the meme-stock phenomenon in 2021, recently disclosed a sizeable GameStop stock and options position in a screen shot posted on Reddit on June 2.

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