Did 'Roaring Kitty' Drive GameStop Options Surge? Strategist Analyzes Gill's Funding Needs To Exercise His Calls
Portfolio Pulse from Shanthi Rexaline
GameStop Corp. (NYSE:GME) experienced significant volatility with a surge in call options trading, potentially driven by Keith Gill, aka 'Roaring Kitty.' Equity-derivatives strategist David Boole analyzed the activity, suggesting Gill might have sold a large portion of his position, impacting the stock. GameStop has also been raising capital through share offerings, and Citron Research has ceased its short position on the stock.
June 13, 2024 | 9:40 am
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GameStop saw a surge in call options trading, potentially driven by Keith Gill. Analyst David Boole suggests significant selling activity, which could impact the stock. GameStop is also raising capital through share offerings, and Citron Research has ended its short position.
The surge in call options trading and potential selling by Keith Gill could create short-term volatility in GameStop's stock. Additionally, the company's capital-raising efforts and Citron Research ending its short position are significant developments.
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