Keith 'Roaring Kitty' Gill's latest YOLO update shows 9 million GME shares and no call options held

GameStop (GME) investor Keith 'Roaring Kitty' Gill has posted a YOLO update to Reddit showing no call options contracts and over 9 million shares.

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GameStop investor Keith "Roaring Kitty" Gill has posted his latest YOLO portfolio update to r/Superstonk showing that he indeed sold most of his call options position and bought an additional 4,001,000 GME shares.

GME YOLO update – June 13 2024
byu/DeepFuckingValue inSuperstonk

Based on Gill's previous posts to Reddit and on his livestream last week, we can ascertain that he probably exercised 40,010 of his 120,000 GameStop $20 strike call options expiring on June 21, 2024 and sold the remainder to help finance his share purchase. His cash position has decreased from $29.4 million before these trades were made, and he now has $6.3 million of cash on hand as of the market close today. Just last week his portfolio was valued at over half a billion dollars, but his total account value now sits around $268 million following a 75 million share capital raise by GameStop, and countless stock market halts.

Gill now has no gun to his head with an impending stock options expiration on the horizon. It does appear that he exercised as many call options as he felt comfortable doing, and essentially doubled down again on his GME stock position. GameStop's stock was in the news again earlier today when the annual meeting of shareholders was postponed due to technical issues, but there is no way to be sure if that was the cause of Gill's actions in the market or if he began this process yesterday. Many investors and traders noted that the open interest of the June 21, 2024 GameStop $20 call options did decrease yesterday, leaving many people speculating about Keith Gill's 120,000 call options. No more speculation is needed, as we now know that he still really likes the stock to the tune of 9,001,000 shares.

Screenshot of Keith Gill's post to r/Superstonk subreddit.

Source: r/Supestonk

Keep it locked on Shacknews for all of the GameStop news as it breaks. Will we be hearing from Keith 'Roaring Kitty' Gill again soon or will he recede back into his Internet slumber? Only time will tell.


This article is only meant for educational purposes, and should not be taken as investment advice. Please consider your own investment time horizon, risk tolerance, and consult with a financial advisor before acting on this information.

Full Disclosure:

At the time of this article, Shacknews primary shareholder Asif A. Khan, his family members, or his company Virtue LLC had the following positions:

Long GameStop via GME shares

Long GameStop via GME call options

CEO/EIC/EIEIO

Asif Khan is the CEO, EIC, and majority shareholder of Shacknews. He began his career in video game journalism as a freelancer in 2001 for Tendobox.com. Asif is a CPA and was formerly an investment adviser representative. After much success in his own personal investments, he retired from his day job in financial services and is currently focused on new private investments. His favorite PC game of all time is Duke Nukem 3D, and he is an unapologetic fan of most things Nintendo. Asif first frequented the Shack when it was sCary's Shugashack to find all things Quake. When he is not immersed in investments or gaming he is a purveyor of fine electronic music. Asif also has an irrational love of Cleveland sports.

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