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Posted on 6/2/24 at 11:12 pm
Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
51745 posts
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Posted on 6/2/24 at 11:12 pm
quote:
Meme stockGameStopis rallying again on speculation Keith Gill, the man who inspired 2021's epic short squeeze, could currently have a huge position in the video game retailer.Gill,who goes by DeepF------Value on Reddit and Roaring Kitty on YouTube and X, reappeared Sunday night, posting a screenshot of what could be his portfolio holding a significant amount of GameStop common shares and call options.
The Reddit trading crowd's favorite trader holds 5 million shares of GameStop worth $115.7 million as of Friday's closing price, according to the account snapshot posted on Reddit's r/SuperStonk forum. The account also showed a position of 120,000 call options in GameStop with a strike price of $20 that expire on June 21st that were purchased for about $5.68 each. GameStop shares closed Friday at $23.14.
The post was not independently verified by CNBC. Notably, he didn't post on the infamous WallStreetBets chatroom where he posted all of his trade updates at the height of the GameStop mania over three years ago. Though the username is the same one used.
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Posted by Capt ST
Hotel California
Member since Aug 2011
12900 posts
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Posted on 6/2/24 at 11:17 pm to RLDSC FAN
Will come crashing down by Wednesday or Thursday.
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Posted by LSUAngelHere1
Watson
Member since Jan 2018
8260 posts
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Posted on 6/2/24 at 11:24 pm to RLDSC FAN
I was just looking at my account. Knew I should’ve grabbed a $30 call Fri
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Posted by TchoupitoulasTiger
NOLA
Member since May 2011
1226 posts
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Posted on 6/2/24 at 11:24 pm to RLDSC FAN
Nothing like pumping up the implied volatility of the shares and contracts going into earnings. He patiently started buying blocks of call contracts around May 20th. Now he posts his position on Reddit.
Kinda brilliant.
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Posted by TchoupitoulasTiger
NOLA
Member since May 2011
1226 posts
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Posted on 6/2/24 at 11:37 pm to LSUAngelHere1
quote:
I was just looking at my account. Knew I should’ve grabbed a $30 call Fri
I think you’d be better off buying the June 14’s than the contracts expiring this week. If you buy the contracts expiring this Friday you won’t be able to capture the earnings volatility. It’s your money, but I see buying short dated options as basically buying a spike in volatility, not necessarily a spike in price.
This post was edited on 6/2/24 at 11:38 pm
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Posted by Capt ST
Hotel California
Member since Aug 2011
12900 posts
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Posted on 6/2/24 at 11:37 pm to TchoupitoulasTiger
Just saw earnings are Wednesday. And there’s usually some carryover to AMC. Should be interesting this week.
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Posted by tylerlsu2008
Zurich
Member since Jul 2015
1182 posts
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Posted on 6/2/24 at 11:42 pm to RLDSC FAN
They’re gonna bust his arse for market manipulation if he keeps this up.
That said, frick em, who cares if these incels get burnt
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Posted by Rize
Spring Texas
Member since Sep 2011
15859 posts
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Posted on 6/3/24 at 12:08 am to RLDSC FAN
I don’t see how y’all keep up with this sh*te.
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Posted by CenlaLowell
Alexandria, la
Member since Apr 2016
1017 posts
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Posted on 6/3/24 at 3:21 am to Rize
Easy it's a money making opportunity in the stock market
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Posted by Mud_Bone
Member since Dec 2021
2236 posts
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Posted on 6/3/24 at 3:55 am to TchoupitoulasTiger
quote:
I think you’d be better off buying the June 14’s than the contracts expiring this week. If you buy the contracts expiring this Friday you won’t be able to capture the earnings volatility. It’s your money, but I see buying short dated options as basically buying a spike in volatility, not necessarily a spike in price.
Yeah, MF'ers......WHAT HE SAID!!!
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Posted by GeauxZone90
Baton Rouge
Member since Jul 2010
2950 posts
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Posted on 6/3/24 at 3:56 am to RLDSC FAN
Unless roaring kitty comes out in a video I doubt that is him. He got in so much trouble with the trials for pumping that stock when people lost money. I bet an entity took control of his Twitter especially with 200 million dollars
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Posted by IT_Dawg
Georgia
Member since Oct 2012
21969 posts
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Posted on 6/3/24 at 4:51 am to Capt ST
GME up to $39 in pre market - up 69%
AMC up 27% premarket
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Posted by Ballyboy
Member since Jun 2017
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Posted on 6/3/24 at 5:37 am to IT_Dawg
Need 7 more days like this to get even
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Posted by CHGAR
Haile, LA
Member since Aug 2022
578 posts
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Posted on 6/3/24 at 6:52 am to TchoupitoulasTiger
quote:
Kinda brilliant.
Kinda pump and dumpy.
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Posted by AubieinNC2009
Mountain NC
Member since Dec 2018
5027 posts
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Posted on 6/3/24 at 7:43 am to RLDSC FAN
when is this going to come out that its the CEO's son or something pushing this stock
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Posted by DVinBR
Member since Jan 2013
13099 posts
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Posted on 6/3/24 at 7:47 am to RLDSC FAN
i guess people will just never learn
can't argue with the logic here, millions of dumb cult followers that do whatever you do, why not profit off it
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Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
51745 posts
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Posted on 6/3/24 at 8:22 am to DVinBR
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Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134995 posts
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Posted on 6/3/24 at 8:26 am to RLDSC FAN
Only wall street is allowed to manipulate stocks!!!
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Posted by bayoubengals88
LA
Member since Sep 2007
19077 posts
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Posted on 6/3/24 at 8:46 am to RLDSC FAN
Uh, welcome to a three weeks ago?
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