Reported 4 months ago
Keith Gill, known as 'Roaring Kitty,' has accrued millions in paper profits from his GameStop options, but may face difficulties cashing in due to the large position attracting attention and potentially impacting prices. Gill's Reddit account revealed a $116 million wager on GameStop, sparking renewed interest in the stock. Experts suggest challenges in exiting the trade without affecting the market, proposing strategies like shorting shares to mitigate risks.
Source: YAHOO