TSLA
Tesla
-- 443.909 NVDA
NVIDIA
-- 134.390 AMD
Advanced Micro Devices
-- 120.790 QUBT
Quantum Computing
-- 17.982 PLTR
Palantir
-- 78.270 
GameStop Options Pop as Keith Gill Posts Screenshot of Holdings; AMC Also Rockets
$GameStop (GME.US)$ options market popped, tracking gains in the underlying stock after meme stock guru Keith Gill, known as "DeepF------Value" on Reddit posted on the social media platform his holdings. $AMC Entertainment (AMC.US)$'s options trading also surged.
The post on Reddit's /r/Superstonk forum showed a screenshot of a position of 5 million GameStop shares, which was worth $115.7 million. It also had call options valued at $65.7 million which gives the holder the right to buy 12 million shares at $20 each by June 21.
GameStop shares climbed 26% Monday morning as retail investors jumped in. Capital trend data tracked by moomoo showed small orders accounted for an inflow of about $346.13 million as of 11:27 a.m. in New York, more than double the outflow of $113.46 million seen in extra-large orders. In total, GameStop had a net inflow of 12.04 million so far Monday.
The holder of those $20 call options posted under the "DeepF------Value" account paid $5.6754 per share for the contracts, according to the screenshot. The price of those options has more than doubled to $11.21, after touching an intra-day high of $21.10 around the open of the trading day. We couldn't verify if Gill was posting his own portfolio or if the screenshot was from somebody else's holdings. We also have no way of knowing if the screenshot is even real, but data showed volume on those call options has increased in the past few days.
In total, 475,590 options have traded before noon in New York, landing GameStop in the top four most-active stock options, just behind $Tesla (TSLA.US)$, $NVIDIA (NVDA.US)$, and $Apple (AAPL.US)$. Occupying the fifth top spot was $AMC Entertainment (AMC.US)$, another meme stock favorite, with over 403,000 contracts traded so far.
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request. Moomoo does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy. All company analysis information is provided by third parties and not by Moomoo Financial Inc. Any illustrations, scenarios, or specific securities referenced herein are strictly for informational purposes and is not a recommendation. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
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Luzi Ann Santos
Moomoo Senior News and Community Manager
Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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