Stocks struggled to start the trading session Tuesday. The Nasdaq and S&P 500 posted losses and the Dow Jones Industrial Average turned slightly positive in the stock market today. Nvidia and GameStop were on investors' radar once again. Read More...
Roaring Kitty’s GameStop options up millions, but cashing in may be tricky
NEW YORK (Reuters) – “Roaring Kitty” Keith Gill, the stock influencer behind the 2021 meme stock frenzy, may be sitting on a paper profit of tens of millions of dollars on his position in GameStop options, but reaping those gains might not be easy. GameStop soared 21% on Monday after Gill’s Reddit account posted a screenshot showing a $116 million bet on the embattled video game retailer. The post, the first from the account in three years, also showed a position of 120,000 GameStop June 21 call options at a strike price of $20, worth $65.7 million at Friday’s close.
Reuters•
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