The Catalyst behind the GameStop Short Squeeze Incident Resurfaces on Reddit after Three Years, Potentially Hinting at GME Holdings and Call Options

The Catalyst behind the GameStop Short Squeeze Incident Resurfaces on Reddit after Three Years, Potentially Hinting at GME Holdings and Call Options

The Catalyst behind the GameStop Short Squeeze Incident Resurfaces on Reddit after Three Years, Potentially Hinting at GME Holdings and Call Options

Keith Gill, also known as Roaring Kitty, the key figure behind the GameStop short squeeze event, has posted on the well-known forum Reddit again after a three-year hiatus. In an article published earlier on Monday (3rd), he shared a picture suggesting that he may hold call options for GameStop (stock code: GME) with a value of $65.7 million, an exercise price of $20, and an expiration date of June 21st. Furthermore, the picture also implied that he holds 5 million shares of GME stock, worth approximately $115 million.


Source:
Reddit
Roaring Kitty also posted a picture of a green reverse card from the card game UNO on the X platform. This is his latest tweet following a series of well-known movie and TV show clips posted between May 13th and 18th this year.
According to CoinMarketCap data, influenced by Roaring Kitty’s post on Reddit, the meme coin GME on the Solana chain experienced a surge, with an increase of approximately 220% in the past three hours. As of the time of this article’s publication, the trading price of GME coin is $0.0118.
Due to his belief that the GameStop stock price was undervalued, Roaring Kitty led a group of retail investors to go against Wall Street short sellers in the famous “GameStop short squeeze event” in January 2021. After years of silence, Roaring Kitty returned in May this year, first posting a picture of a player leaning forward in a chair on the X platform, followed by many well-known movie and TV show scene clips in the following days.
Although Roaring Kitty’s tweets in May did not include any personal commentary, they sparked a sharp increase in the GameStop stock price, with a two-day increase of up to 271%. However, the GME stock price fell back to its pre-surge level in about a week.
Related report: “Return of the GameStop Short Squeeze Promoter, Same Name Meme Coin Surges Over 6,000%”.