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Did 'Roaring Kitty' Drive GameStop Options Surge? Strategist Analyzes Gill's Funding Needs To Exercise His Calls - GameStop (NYSE:GME)

Summary by Benzinga
GameStop Corp. (NYSE:GME) shares saw considerable volatility on Wednesday as they traded in a nearly $9 range on a day when the broader market hit a record high amid the Federal Reserve’s rate decision and a cooler-than-expected May inflation report. David Boole, equity-derivatives strategist and Managing Director at BayCrest weighed in on the options activity in GameStop. What Happened: On Wednesday, there was a spike in trading in the call opt…

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BenzingaBenzinga

Did 'Roaring Kitty' Drive GameStop Options Surge? Strategist Analyzes Gill's Funding Needs To Exercise His Calls - GameStop (NYSE:GME)

GameStop Corp. (NYSE:GME) shares saw considerable volatility on Wednesday as they traded in a nearly $9 range on a day when the broader market hit a record high amid the Federal Reserve’s rate decision and a cooler-than-expected May inflation report. David Boole, equity-derivatives strategist and Managing Director at BayCrest weighed in on the options activity in GameStop. What Happened: On Wednesday, there was a spike in trading in the call opt…

·New York, United States
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Channel News AsiaChannel News Asia
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Roaring Kitty may have cut GameStop options position, strategists say

NEW YORK : A surge of trading in some short-dated GameStop options contracts on Wednesday suggested to some market participants that Keith Gill, the stock influencer known as Roaring Kitty, may have sold some of his recently-disclosed options position in the company.Gill, who helped launch the meme-stock

·Singapore
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Channel News Asia broke the news in Singapore on Wednesday, June 12, 2024.
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