Keith Gill, also known as Roaring Kitty has posted a Reddit thread, revealing that he has a $213 million position in GameStop’s stock, and has 120,000 call positions worth $65m in place for a strike price of $20, expiring on June 21. The stock closed at $23.14 on May 31.
Also known as “DeepF**kingValue” on Reddit, Roaring Kittyposted a threadshowcasing 5 millionGameStopshares on the /r/Superstonk subreddit. This is the first update from Gill on his positions in three years.
Roaring Kitty’s $65.7m stake in call positions has not gone unnoticed, with the stock surging 85% in pre-market valuation, up over 20 points to around $43.30 at the time of writing, this equals a total position valued at $213 million in Monday’s pre-market trading figures.
Should GameStop’s pre-market trading figures hold, it could add around $8 billion to the stock’s market cap.
Posting on his X / Twitter account, Gill simply shared an image of a Uno reverse card. He currently holds 5 million shares in GME.
pic.twitter.com/zUuccrKWZr
Redditors have also been hailing the return of Roaring Kitty, with userscommenting: “We are witnessing history”, “If he’s still in, I’m still in” and “The return of the king”. Unusual Whales has been tracking Roaring Kitty’s positions on GME, and has broken down his total position on X / Twitter.
Related:
This is RoaringKitty’s, aka DeepFuckingValue, most updated position.5 million GameStop,$GME, shares.120,000 June 21st $20$GMEcalls.$29 million in cash.A total of $210 million.And Unusual Whales has been tracking him.pic.twitter.com/5wmHkoVf8F
On X/Twitter, GameStop is currently enjoying a surge in popularity, with a 21% increase in mentions on the social media platform over the last seven days.
Sayem Ahmed was Dexerto’s Tech Editor in the UK team, leading hardware coverage globally. Sayem is an expert in all things Nvidia, AMD, Intel, and PC components. He has over 10 years of experience, with bylines at Eurogamer, IGN, Trusted Reviews, Kotaku, and many more.
