Roaring Kitty, the trader who gained fame for his successful investments in Gamestop (GME) stock earlier this year, is once again making headlines. After a period of inactivity on his account, Roaring Kitty, also known as DeepFuckingValue or DFV on Reddit, recently revealed that he holds a massive position in GME. In a screenshot posted on Reddit’s Superstonk subreddit, Roaring Kitty showcased his holdings of $115.7 million worth of GME stock and an additional $65.7 million worth of call options.
This announcement has sparked excitement among fans of GME on Reddit, with many considering it a historic moment. While it is impossible to verify the accuracy of Roaring Kitty’s claims, the market has already reacted to the news. The price of GME ended the last trading session at $22.97 on the New York Stock Exchange, but its premarket price on Robinhood is nearly double that at $43.20. This surge in price pushes the value of Roaring Kitty’s position to well over $300 million.
Roaring Kitty rose to fame earlier this year when he led a group of small investors in buying GME stock, causing its price to skyrocket to as high as $120. This movement resulted in significant losses for hedge fund Melvin Capital, which held a large short position in GME. Initially believed to have made tens of millions of dollars from his investment, Roaring Kitty’s current position suggests that he has turned those profits into hundreds of millions.
The sheer size of Roaring Kitty’s holdings has also caught the attention of traders. With over $180 million invested, his position demonstrates a remarkable level of confidence in GME’s future performance. This renewed interest and investment in GME not only bolsters the bullish outlook for the stock but also highlights Roaring Kitty’s ability to capitalize on market opportunities.
In addition to his financial success, Roaring Kitty’s recent post on X featuring a Uno “reversal” card adds an element of intrigue. Just as the Uno card changes the direction of the game, Roaring Kitty’s actions and announcements have the potential to influence the market and investor sentiment.
As investors and traders continue to monitor Roaring Kitty’s moves, it will be interesting to see how his positions in GME evolve and whether they will have a lasting impact on the stock’s price. For now, his involvement in GME and his ability to generate substantial profits have solidified his position as a prominent figure in the meme stock phenomenon.