Roaring Kitty's GameStop Options Could Be Worth $54M, But Cashing Out Might Be Tricky: 'Everybody's Hyper Aware Of This Now'
Portfolio Pulse from Benzinga Neuro
Keith Gill, known as Roaring Kitty, has a significant position in GameStop Corp. (NYSE:GME) through call options, potentially worth $54 million. However, cashing out these options could be challenging due to the size of the position and market attention, which may impact the price of the options and underlying stock.
June 04, 2024 | 3:26 pm
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Keith Gill's significant position in GameStop through call options could be worth $54 million. However, cashing out these options might be challenging due to the size of the position and market attention, potentially impacting the price of the options and underlying stock.
The large position and heightened market awareness could make it difficult for Keith Gill to sell his options without affecting the price. This could lead to a decrease in the value of both the options and the underlying GameStop stock.
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