GME Jun 2024 13.000 put
| Previous Close | 0.0200 |
| Open | 0.0200 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 13.00 |
| Expire Date | 2024-06-07 |
| Day's Range | 0.0100 - 0.0400 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 1.34k |
- Yahoo Finance Video
GameStop rally: What the options market saw coming
GameStop (GME) shares surged as high as 75% after Monday's market open before calming ahead of the closing bell. What exactly brought on this second rally in the past month for the meme stock? Meme trader "Roaring Kitty" — the username of Keith Gill on X (formerly Twitter) — shared a screenshot of his investment portfolio revealing $175 million in GameStop shares and options trades. The legitimacy of this photo has yet to be verified. Susquehanna Co-Head of Derivative Strategy Chris Murphy joins Yahoo Finance's Market Domination to talk about whether investors could have anticipated this jump in GameStop stock, including from options traders. "There's no real story, there's no real event. You can kind of see that information out there. Obviously... we weren't expecting it to be a specific person, but you can see these trades. It's a listed market every option trade that trades is accounted for and you can see it after the fact," Murphy says. "That's why this, trading options is challenging. But this information was out there in the world, just not who it was." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Is 'Roaring Kitty' taking advantage of retail traders?
GameStop (GME) shares are climbing after "Roaring Kitty," best known for the 2021 short squeeze, posted a screenshot to Reddit showing a nearly $175 million position in the meme stock. Citron Research Founder Andrew Left joins Market Domination Overtime to discuss why he is re-shorting the stock after being burned by the 2021 rally. Left says that today's rally is "totally different" from what happened in 2021, adding, "I personally do not believe this is his own personal money." He explains that Roaring Kitty's position is an exorbitant amount of money, and he doubts he put his entire net worth on the trade. "What he's doing right now is trying to take advantage of the retail traders, the same people that he was supposed to represent three and a half years ago," Left says, noting that he decided to short the stock because of its short interest and its capital structure changing from 2021. He explains, "I just hope the retail investors realize right now that this is not what we saw three and a half years ago." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
Yahoo FinanceGameStop stock soars after 'Roaring Kitty' reveals $175 million bet on the retailer
GameStop stock surged as a Reddit user linked with its biggest booster appeared to reveal a new bold bet on the video game retailer late Sunday.
