Roaring Kitty has some tough choices to make on his GameStop options with Wall Street ready to pounce
GMEGameStop(GME) CNBC·2024-06-12 21:46

Keith Gill, a Reddit user credited with inspiring GameStop's rally, during a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7, 2024. His call options against GameStop have a strike price of 20andanexpirationdateofJune21.Sharesofthevideogamecompanyhavegainedabout720 and an expiration date of June 21. Shares of the video game company have gained about 7% so far this week to around 30 a share. If the stock trades above 20thatFriday,whichmakeshiscallpositioninthemoney,Gillcouldexercisetheoptionsat20 that Friday, which makes his call position in the money, Gill could exercise the options at 20 apiece, allowing him to purchas ...