Has the meme stock frenzy come to an end? "Roaring Kitty" may have liquidated his GameStop call options

Zhitong
2024.06.14 12:05
portai
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"Roaring Kitty" Keith Gill appears to have liquidated his long call options on GameStop and increased his holdings of GameStop stock. Gill's investment portfolio no longer includes 120,000 options, but instead over 9 million shares of common stock. As the options expiration date approaches, Wall Street has been speculating whether Gill will exercise the contracts to acquire the stock. GameStop was scheduled to hold a shareholder meeting on Thursday, but it was postponed due to technical issues. Last week, Gill's disclosure of his options position and news of his return to YouTube caused GameStop's stock price to rise. GameStop raised $2.14 billion in cash through the increase