Quick Take:
- Keith Gill, aka Roaring Kitty, sparks a GameStop rally with a new $180M position.
- Shares jump 19% overnight as Gill’s return to the stock market scene stirs excitement.
Yello Paradisers! Are you ready to ride the wave as Roaring Kitty, the legendary trader, plunges back into GameStop with a massive $180 million bet, sparking a 19% stock surge overnight?
Roaring Kitty Strikes Again
GameStop’s stock price took a 19% leap in the moonlit markets after Keith Gill, fondly known in the trading realms as “Roaring Kitty,” declared his hefty $181.4 million stake in GameStop. Posting on Reddit for the first time since his legendary 2021 escapades, Gill revealed his mix of GME shares and call options, igniting a frenzy in overnight trading.
Details of the Kitty’s Claws
On June 2, Gill returned with a bang, sharing a snapshot on his famed “DeepFuckingValue” Reddit account that broke down his investments: $115.7 million in 5 million GME shares and $65.7 million in bullish call options, betting on the stock hitting at least $20 by June 21.
Despite a $2.5 million loss on the options, his overall portfolio showed a cozy $9.3 million profit. The reveal sent Robinhood’s overnight market into a tizzy, catapulting GME to $27.58 within a mere 20 minutes.
The Kitty’s Cryptic Moves
Gill’s activity isn’t just confined to Reddit; he also dropped a green Uno reverse card on X, adding a layer of mystery and meme magic to his market maneuvers. Known for his central role in the GameStop saga during the pandemic—where he helped orchestrate a short squeeze that massively disrupted hedge funds—Gill’s recent actions hint at another potential market shakeup.
Beyond GameStop: The Meme Legacy
Gill’s influence stretches beyond GameStop, arguably setting the stage for the memecoin mania that saw assets like Dogecoin and Shiba Inu skyrocket. Despite his profound impact, the r/wallstreetbets community has shifted its focus away from solely GME content, with moderators emphasizing the forum’s broader scope.
The Trader’s Track Record
Gill’s last post before his grand return had shown a stake of 20,000 GME shares bought at $55.17 each, netting him a stunning $19.9 million gain at the time. His latest trading chapter, penned on the r/Superstonk subreddit dedicated to GME speculation, has once again positioned him at the epicenter of market excitement, proving that sometimes, the market really is a game.
