Samlunch
2024-06-04

$GameStop(GME)$ 

This is absolutely insane:

"Roaring Kitty" currently owns 5 million shares of Gamestop, $GME.

He also owns 120,000 call options which are currently in the money.

This means that if he holds these options until they expire, he will own 17 MILLION shares on June 21st.

To put this in perspective, the total public float of $GME is 268 million shares.

So, if "Roaring Kitty" holds his options until expiration, he will own 6.3% of ALL outstanding $GME public float.

You can't make this up.

At the open today, Roaring Kitty's position was up over $200 million.

Then, $GME erased a significant portion of its daily gain but is still up 150%+ since May 1st.

At the close, his positions are up $86 million.

Party is Over? Will You Short GME?
GME ended the session lower by 12.1%, as the company’s rescheduled shareholder event wrapped up with no detailed remarks about its strategies. -------------------- What's your target price for GME? Will you go long or go short?
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