GameStop surge triggers circuit breakers on Keith Gill YouTube stream announcement
Shares of GameStop have been halted for volatility after spiking 33% when Keith Gill’s Roaring Kitty YouTube account scheduled a livestream for Friday at noon ET.
We haven’t heard Gill say anything about the fundamentals of the brick-and-mortar retailer since he testified before Congress in February 2021. However, his X and Reddit accounts have come alive recently after years in hibernation, with posts of memes and positions.
DeepFuckingValue, Gill’s alias on Reddit, has not posted an update since Monday’s close. Open interest in the GameStop call options that expire on June 21 with a strike price of $20 – a contract where Gill appears to have a dominant position – have gone up, not down, since this stake was revealed on Sunday evening, which implies that he’s diamond hands-ing those derivatives.
