Keith Gill, a.k.a Roaring Kitty, is all set to become a billionaire if GameStop [GME] holds above $65. Both the crypto and financial communities are abuzz with speculation, as Gill’s shares and options could drive his net worth to unprecedented levels. As per the latest trading session, GameStop shares are worth $63.82, rising by 35%, on Robinhood’s 24-hour platform.
If the stock continues its upward momentum, the value of Gill’s shares will be approximately $325 million. However, the real game-changer is his options. These are financial instruments that give the holder the right, but not the obligation, to buy or sell a stock at a predetermined price within a specific time frame. In Roaring Kitty’s case, his options are heavily influenced by implied volatility [IV], which gauges the market’s expectation of the stock’s future volatility.
When IV increases, the value of options generally rises. But here there is a possibility of an “IV explosion,” meaning a significant spike in implied volatility. In short, the value of Gill’s GameStop options could be worth a staggering $699.6 million. This potential windfall would elevate Gill to billionaire status in just a month.
It is very possible Keith Gill aka Roaring Kitty aka DeepFuckingValue is now a billionaire if GameStop, $GME holds above $65 tomorrow morning. Shares will be $325,000,000 and his calls with IV explosion might be worth $699,600,000. A billionaire in a month.
As market experts anticipate his next moves, there are massive speculations that he might exercise his GME options at his upcoming livestream. Such a move would force market makers and brokers to produce 12 million GME shares for him to purchase. This could trigger one of the most epic rallies in stock market history, amplifying the already volatile nature of GameStop’s trading activity, one user wrote.
Roaring Kitty’s GME Saga
The broader implications of this potential move are significant. For one, it underscores the power of individual investors and the impact they can have on the market. Additionally, it highlights the growing influence of social media and online communities in shaping market trends and driving stock prices.
As the financial world watches closely, all eyes are fixated on GameStop and Keith Gill. Whether or not he becomes a billionaire, his role in the GameStop saga has already secured him a place in stock market history.