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"Roaring Kitty" Appears to Have Exited GameStop Call Options

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michaelchan8
06-14
michaelchan8
it means the market maker now has to find 4 million shares to deliver by today due to the new T+1 settlement rule

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Instead, his portfolio showed a position of more than nine million common shares, up from five million earlier this week.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/848ac902714fb2adca910e57098ecc6c\" alt=\"Keith Gill during a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7.\" title=\"Keith Gill during a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7.\" tg-width=\"2000\" tg-height=\"1333\"/><span>Keith Gill during a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7.</span></p><p style=\"text-align: start;\">The screenshot, under Gill’s Reddit handle “DeepF—-ing Value,” appears to show a cash position that dipped to $6.3 million from nearly $30 million on Monday. That implies Gill may have used some of the cash to add to his stake of common shares.</p><p style=\"text-align: start;\">The calls traded roughly 142,000 times on Wednesday and Thursday. By the end of Wednesday’s session, the number of outstanding contracts had already dropped 34% to 111,818.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e8832a7c98e947883ab6461e508ce983\" tg-width=\"1200\" tg-height=\"675\"/></p><p>The $20 calls, which closed at $6.40 Wednesday, traded between $6 and $9.80 Thursday as GameStop shares rose 14% to $29.12. That leaves the options above Gill’s purported average purchase price of $5.6754.</p><p>“It looks like he sold 80,000 calls and exercised 40,000,” said Danny Kirsch, head of options at Piper Sandler &amp; Co. “So now he’s long nine million shares based on the screenshots circulating on Reddit.”</p><p style=\"text-align: start;\">The surge in trading came with GameStop scheduled to hold a shareholder meeting on Thursday. However, the meeting was postponed due to technical difficulties with the livestream, according to the company.</p><p>News of Gill’s position and his highly-anticipated return to YouTube last week nearly doubled GameStop’s share price to over $45. The company capitalized on the rally by selling $2.14 billion of shares to raise cash. With the options expiration approaching, Wall Street was wondering if Gill would exercise the contracts to receive the shares or just close out the position.</p><p style=\"text-align: start;\">Gill’s cryptic X posts, combined with portfolio checks on his Reddit handle, have sent investors piling into GameStop shares over the past four weeks.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Roaring Kitty\" Appears to Have Exited GameStop Call Options</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Roaring Kitty\" Appears to Have Exited GameStop Call Options\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-14 07:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-06-13/-roaring-kitty-appears-to-have-exited-gamestop-call-options?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Screenshot of Gill’s account no longer shows call contractsCompany’s shares gained 14% on Thursday to close above $29Keith Gill during a YouTube livestream on June 7.Keith Gill — the meme-stock ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-06-13/-roaring-kitty-appears-to-have-exited-gamestop-call-options?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.bloomberg.com/news/articles/2024-06-13/-roaring-kitty-appears-to-have-exited-gamestop-call-options?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2443654236","content_text":"Screenshot of Gill’s account no longer shows call contractsCompany’s shares gained 14% on Thursday to close above $29Keith Gill during a YouTube livestream on June 7.Keith Gill — the meme-stock investor known online as “Roaring Kitty” — purports to have exited his entire options position in GameStop Corp. while adding to his heap of shares.A screenshot on Gill’s Reddit account on Thursday showed his portfolio no longer included the 120,000 GameStop call options that were set to expire next week and had a strike price of $20. Instead, his portfolio showed a position of more than nine million common shares, up from five million earlier this week.Keith Gill during a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7.The screenshot, under Gill’s Reddit handle “DeepF—-ing Value,” appears to show a cash position that dipped to $6.3 million from nearly $30 million on Monday. That implies Gill may have used some of the cash to add to his stake of common shares.The calls traded roughly 142,000 times on Wednesday and Thursday. By the end of Wednesday’s session, the number of outstanding contracts had already dropped 34% to 111,818.The $20 calls, which closed at $6.40 Wednesday, traded between $6 and $9.80 Thursday as GameStop shares rose 14% to $29.12. That leaves the options above Gill’s purported average purchase price of $5.6754.“It looks like he sold 80,000 calls and exercised 40,000,” said Danny Kirsch, head of options at Piper Sandler & Co. “So now he’s long nine million shares based on the screenshots circulating on Reddit.”The surge in trading came with GameStop scheduled to hold a shareholder meeting on Thursday. However, the meeting was postponed due to technical difficulties with the livestream, according to the company.News of Gill’s position and his highly-anticipated return to YouTube last week nearly doubled GameStop’s share price to over $45. The company capitalized on the rally by selling $2.14 billion of shares to raise cash. 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