Roaring Kitty Sparks GameStop Surge With $100M Bet: Analysis And Insights


  • GameStop’s stock surges 80% in pre-market trading after Keith Gill, aka Roaring Kitty, shares a screenshot of buying $100 million in stock and call options.
  • GameStop’s annual report shows reduced operating loss and $2 billion in cash and marketable securities.
  • The company’s store count is decreasing, but it has a growth multiple despite shrinking core operations.
  • The rally could easily continue, despite lacking a clear fundamental case.

GameStop store sign in Munich town center

Dennis Diatel Photography

Things are really heating up at GameStop (NYSE:GME). The (in)famous WallStreetBets darling surged 21% yesterday (~100% in the premarket even). According to Seeking Alpha the rally appears to be the result of Keith Gill, aka Roaring

Analyst’s Disclosure: I/we have a beneficial long position in the shares of GME either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I'm exclusively long through short-selling a very small amount of short-dated puts.

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