- Keith Gill (Roaring Kitty) might become a billionaire.
- The trader’s brokerage position on GME stock could make this happen.
- Roaring Kitty will also appear on YouTube on Friday for the first time in three years.
Keith Gill’s (Roaring Kitty) $53,000 bet on his favorite video game retailer GameStop might make him a billionaire this Friday as the relentless meme-stock trading cheerleader plans a YouTube comeback.
On June 6, Gill took to Reddit and flashed a $583 million position in GameStop (GME) shares, showing a $382 million profit across options and equity positions. GME surged 47% to $46 on the same day before hitting $61 in after-trading hours.
Roaring Kitty’s March to $1B
In an X (Twitter) post on June 7, global capital markets analysts at The Kobeissi Letter claimed that Roaring Kitty “is set to become a billionaire” following GME’s wild rally after Thursday trading hours.
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Per the analysts, if GME opens at or above current levels on Friday, Roaring Kitty’s shares and options will be worth approximately $325 million and $700 million, respectively. This could contribute to a combined brokerage position of about $1 billion and a gain of $850 million.
“With the spike in implied volatility, his options could be worth over $700 million tomorrow. If he decides to execute these options on the live stream, he will own ~6.3% of the public float. Truly insane,” the analysts wrote.
The livestream referred to by the analysts will mark Roaring Kitty’s first appearance on YouTube in three years. According to the information on the Roaring Kitty YouTube channel, which has over 700,000 subscribers, Gill has scheduled the livestream for June 7, with over 13,000 users waiting as of press time.
GME was trading at $62 in premarket as of writing.
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