Keith Gill has some tough choices to make on his GameStop options with Wall Street ready to pounce
Publishing timestamp: 2024-06-12 12:29:09
Summary
Roaring Kitty, also known as Keith Gill, is holding onto his positions of 5 million GameStop shares and 120,000 call options. If his options end up in the money, he may not have enough capital to exercise them, leading E-Trade to potentially intervene. Gill could start selling his calls early to avoid drama, but this may not be a good look for the champion of the stock. The situation is being closely watched as the expiration date approaches.
Sentiment: NEUTRAL
Tickers: GME,
Keywords: investment strategy, breaking news: markets, stock markets, breaking news: business, breaking news: investing, business news, markets, gamestop corp, wall street,