Despite the short-term bearish sentiment surrounding GameStop (NYSE: GME) stock, it continues to capture the market’s attention, driven by recent short-squeeze activity.In the latest development, In this line, according to data shared by Unusual Whales in an X post on June 9, the reported short volume as of June 7, 2024, has soared to 103,785,384 shares, surpassing the January 22, 2021, figure of 97,123,046 shares. GameStop short interest volume chart. Source: Unusual WhalesThe renewed spike in short intere ...

Retail investor interest in short squeeze stocks has grown considerably since the “meme stock” phenomenon of 2021. However, a stock doesn’t need to gain the “meme king” popularity of a GameStop (NYSE:GME) or an AMC Entertainment (NYSE:AMC) to become a profitable squeeze trade for investors.In many situations, all it takes is two things. First, a high level of short interest. What constitutes high short interest? Think 20%, 30%, 40%, or more of outstanding float sold short.Second, to trigger a squeeze, typic ...

Meme stock trader Keith Gill, aka "Roaring Kitty," failed to rally investors around GameStop with his first livestream in three years on Friday as the stock slumped 40%. GameStop shares plummeted after the video game retailer unveiled a share sale to raise up to $3 billion. Gill, meanwhile, told nearly 600,000 viewers on his YouTube livestream to bet on CEO Ryan Cohen "and his crew" while joking about memes and issuing disclaimers that retail traders could "lose it all." Gill said his "aggressive style of i ...

Group 1 - The meme stock phenomenon, particularly with GameStop (GME) and AMC Entertainment (AMC), has resurfaced, reminiscent of the volatility seen in 2021 [1][2] - GameStop's recent quarterly results showed a significant decline in sales compared to the previous year, leading to pressure on its shares [3] - The company announced a $75 million at-the-market offering, indicating a need for capital amidst a challenging earnings outlook [3] Group 2 - The return of Roaring Kitty (Keith Gill) to social media reignited interest in meme stocks, resulting in extreme volatility for GME shares [2] - The dynamics of short selling are highlighted, where rising stock prices force short sellers to cover their positions, leading to further price increases and losses for those unable to cover [4] - The current market activity is characterized by a short squeeze, which does not align with GameStop's current earnings outlook, as indicated by its Zacks Rank of 5 (Strong Sell) [3]

Stocks traded in both positive and negative territory Friday as investors weighed an onslaught of headlines, including a hotter-than-expected jobs report and a Roaring Kitty livestream. Ultimately, the main indexes closed lower as folks looked ahead to next week's Fed meeting and key inflation update.  Ahead of the open, the Bureau of Labor Statistics said the U.S. added 272,000 new jobs in May, exceeding economists' estimate for 180,000. The data also showed the unemployment rate rose to 4.0% (3.96% on an ...

"Can y'all hear me right now?" Keith Gill began his broadcast. "I kinda forget how to do this." Back in 2021, the influencer better known as Roaring Kitty led a crusade by retail traders which triggered the extraordinary surge in GameStop, an embattled video games chain – and left Wall Street scrambling. Gill became an internet star, and even testified to Congress about his bullish stance on the stock. Then he disappeared from view. For years after the turbulent stock market frenzy, Gill was silent online. ...

Core Concept - A gamma squeeze is a phenomenon in the options market where a stock experiences a rapid price increase due to market maker hedging in response to heavy call buying [2][11]. Options Market Overview - Options are financial derivatives that give the owner the right to buy (call options) or sell (put options) an underlying asset at a specified price before expiration [3]. - Options pricing is influenced by various factors, including the underlying asset's price movements, and is more complex than equity pricing [4]. Options Greeks - Delta measures the change in an option's price with a $1 move in the stock, while gamma measures the rate of change in delta for every $1 move in the stock [5][6]. Anatomy of a Gamma Squeeze - A gamma squeeze typically involves four key components: 1. **Flurry of Call Buying**: Significant out-of-the-money call options are purchased, often driven by speculative retail investors [7]. 2. **Hedging Market Makers**: Market makers, primarily Wall Street firms, hedge their positions by buying underlying shares when they sell call options, especially when 0DTE options are popular [8]. 3. **Price Momentum and Feedback Loop**: The stock price rises due to market maker purchases, leading to increased delta and further stock purchases to manage risk, creating a feedback loop [9]. GameStop Example - The GameStop (GME) case exemplifies a gamma squeeze, where retail investors and short sellers contributed to extreme price movements, exacerbated by the COVID-19 pandemic and the rise of commission-free trading [9]. Risks of Gamma Squeezes - Gamma squeezes are characterized by hyper volatility, lack of control for traders, and unsustainability, often leading to significant losses for latecomers [10].

Famed meme-stock trader “Roaring Kitty” flopped in a hotly anticipated live YouTube broadcast — failing to stem a selloff in GameStop shares that was sparked by a dismal earnings announcement from the video-game retailer.Meme stock influencer Keith Gill — also known on Reddit under the handle “DeepF—–gValue” — confirmed his position as a major shareholder of GameStop as he posted a chart on a YouTube livestream showing that he owned 5 million shares of the company as well as 120,000 call options.“My aggress ...

Meme stock retail trader Keith Gill, who goes by ‘Roaring Kitty’, kicked off his highly anticipated YouTube livestream Friday telling nearly 600,000 viewers why he continues to bet big on GameStop.  "It becomes a bet on the management" of GameStop – particularly on CEO Ryan Cohen "and his crew" – during the "transformation stage" that he believes the video game retailer has entered. "That’s probably going to be an ongoing debate as to how people feel about him, whether he can successfully transform that bus ...

It has been an interesting week for Keith Gill, also known as Roaring Kitty on social media. The man credited with igniting the GameStop (NYSE:GME) short squeeze of 2021 picked this May to return to X (formerly Twitter) and other social media platforms after a multi-year hiatus.Recently, Gill revealed a significant position in GME stock, igniting some momentum for the struggling retail favorite. Even more recently, however, an account associated with Gill scheduled a livestream for today, June 7 at 12:00 p. ...