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GME Jan 2025 10.000 call
- Yahoo Finance Video
Meme stocks stagnate in wake of Keith Gill's GameStop push
Notable meme stocks GameStop (GME), BlackBerry (BB), and AMC Entertainment (AMC) move ever so slightly lower Tuesday afternoon as meme trade sentiments ease off the gas pedal after GameStop's sudden surge. Market Domination Anchors Julie Hyman and Josh Lipton examine the meme trade "flare-ups" spurred by retail trader Keith Gill's cryptic social media posts under his username "Roaring Kitty." Trading platform E-Trade is even considering banning Gill from the platform for alleged market manipulation. Wall Street Journal Reporter AnnaMaria Andriotis — the journalist who originally broke that story — sat down with Yahoo Finance earlier today. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
E-Trade's potential 'Roaring Kitty' ban enters 'gray areas'
The meme trade influencer known as "Roaring Kitty" faces the possibility of a ban from the stock trading platform E-Trade. This comes after alleged market manipulation by the trader, triggered by a social media post in which he unveiled his position in GameStop (GME), creating a massive rally in the company's shares. Joining Catalysts to dissect the details is AnnaMaria Andriotis, the Wall Street Journal reporter who broke the story. Andriotis sheds light on the timeline of events, noting that the speculation around market manipulation began on May 12 when Roaring Kitty first posted a meme to X, formerly Twitter, reigniting the meme trade. Subsequent investigations revealed that "he had made a large purchase of GameStop options before that tweet had gone out." However, Andriotis notes there are broader implications for E-Trade if the platform decides to ban Keith Gill. Such a move could result in the loss of a substantial portion of its customer base. "This isn't an easy calculation that is playing out internally, and it does touch on some gray areas. And it's an area... that regulators themselves are looking at," Andriotis told Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- Yahoo Finance Video
GameStop rally: What the options market saw coming
GameStop (GME) shares surged as high as 75% after Monday's market open before calming ahead of the closing bell. What exactly brought on this second rally in the past month for the meme stock? Meme trader "Roaring Kitty" — the username of Keith Gill on X (formerly Twitter) — shared a screenshot of his investment portfolio revealing $175 million in GameStop shares and options trades. The legitimacy of this photo has yet to be verified. Susquehanna Co-Head of Derivative Strategy Chris Murphy joins Yahoo Finance's Market Domination to talk about whether investors could have anticipated this jump in GameStop stock, including from options traders. "There's no real story, there's no real event. You can kind of see that information out there. Obviously... we weren't expecting it to be a specific person, but you can see these trades. It's a listed market every option trade that trades is accounted for and you can see it after the fact," Murphy says. "That's why this, trading options is challenging. But this information was out there in the world, just not who it was." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
