GameStop rallies overnight as Roaring Kitty reveals $180M GME position

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GameStop (GME) surged over 19% in overnight trading after Keith Gill, known as “Roaring Kitty,” posted to Reddit that he’s holding $181.4 million worth of GME stock and call options. 

Gill, the trader widely cited as a major influence on the 2021 GME short squeeze, posted to Reddit on his “DeepFuckingValue” account on June 2 for the first time since April 2021.

He shared a screenshot allegedly showing he purchased 5 million GME shares for $115.7 million and put $65.7 million into call options, betting that GME would be at least $20 a share on June 21.

Gill’s June 2 Reddit post under his DeepFuckingValue account. Source: Reddit

Gill’s screenshot apparently shows he’s gained over $9.3 million on his GME holdings and is holding a loss of nearly $2.5 million on his call options.

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Robinhood’s overnight markets saw GME jump by 19.19% in 20 minutes to $27.58 after Gill’s Reddit post.

GameStop closed at $23.14 on Friday, May 31, with shares up 38.8% this year, according to Google Finance — seemingly boosted by Gill’s return.

GME’s price year-to-date saw a spike in mid-May after Gill suddenly started posting on X. Source: Google Finance

Gill also cryptically posted a green UNO reverse card to X — adding to a series of arcane posts and memes he’s shared since his sudden return in May.

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