After Engineering A Massive Short Squeeze In GameStop In May, Roaring Kitty Reveals A $180 Million Position In The Meme Stock

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It seems the periodic boom-and-bust cycle of meme stocks will not end as long as people like Keith Gill, who goes by the moniker Roaring Kitty on Reddit, are able to milk their massive following by repeatedly engineering short/gamma squeeze in GameStop and other retail-favorite names.

For the benefit of those who might not be aware, Roaring Kitty had played a pivotal role in unleashing the meme stock mania of 2021 by predicting a massive short squeeze in GameStop's shares at the time. The OG meme stock veteran also pocketed a sizable windfall from that saga, to the tune of around $30 million.

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After remaining silent for the past couple of years, Roaring Kitty again returned to prominence in May when he posted a picture on the X platform that indicated he was getting ready for action. As we noted at the time, from the 30th of April onwards, someone had been accumulating out-of-the-money calls on GameStop, targeting strikes all the way to the $20 price level. After Roaring Kitty posted on X, GameStop shares sky-rocketed on the 13th of May, going as high as $48.75 (based on share closing price) in the following days before giving up most of those gains.

Roaring Kitty Reveals His GameStop Cards

Just moments ago, Roaring Kitty again posted on X, this time depicting a reverse Uno card, perhaps as a symbol of GameStop gamma squeeze redux.

Simultaneously, Roaring Kitty also provided an update on Reddit, showing that he now holds around $65 million worth of $20 calls on GameStop along with over $115 million worth of shares and $29 million in cash. Given the fact that GameStop shares closed at $23.14 on Friday, Roaring Kitty's calls remain in the money.

According to the reporting by Unusual Whales, someone