GameStop stock soars as Keith Gill discloses 120K call options on GME

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GameStop stock soars as Keith Gill discloses 120K call options on GME
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GameStop (GME) stock soared 74% in Monday’s premarket after Keith Gill, aka Roaring Kitty, disclosed a large position in GameStop short-term, in-the-money call options.

Keith Gill is back to disclose huge position in GME shares. GameStop stock reaches above $40 in Monday premarket. GME stock closed on Friday at $23.14. PCE report leaves market optimistic for lower inflation, more rate cuts. GameStop stock soared 74% in Monday’s premarket after Keith Gill, aka Roaring Kitty, disclosed a large position in GameStop short-term, in-the-money call options. GME stock closed on Friday at $23.14 but is trading north of $40 at the time of writing.

93 billion in 2022 but has been falling over the past decade as physical game purchases have been declining in favor of digital downloads directly from hardware providers like Sony’s Playstation, Microsoft’s XBox, Nintendo and the Steam platform. The company trades under the GME symbol on the New York Stock Exchange.

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