Investing

‘Roaring Kitty’ stands to rake in millions on his GameStop options bet Friday

0


The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021.

Dado Ruvic | Reuters

It could be a big pay day for Keith Gill, the Reddit trading crowd’s favorite and the man who inspired the epic GameStop short squeeze.

Friday is the expiration date of Gill’s 500 call options contracts he bought at the beginning of 2021. Gill — who goes by DeepF——Value on Reddit and Roaring Kitty on YouTube — attracted an army of day traders who piled into the brick-and-mortar video game stock and call options, pushing the stock up 400% in a single week in January.

GameStop closed at $156.44 a share on Thursday, up 730% for the year….



Source cnbc.com

Morgan Stanley had $911 million in first-quarter losses tied to Archegos fund meltdown

Previous article

Disneyland, Universal Studios openings to boost Main Street businesses

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Investing