GameStop Options Trade Nets $550K Profit After Roaring Kitty Post

Keith Gill, known as "Roaring Kitty," posted a cryptic image on X, sparking a surge in $GameStop (GME.US)$ shares on Friday. A trader capitalized on the post by buying 10,000 GameStop call options (strike price: $22.5) shortly before the post. Just 20 minutes later, the trader sold the options, scoring a $550,000 profit from the trade.

GameStop shares jumped as much as 9% following Gill's post, although they later settled up 4% at $23.39. Roaring Kitty’s influence on the stock, along with past trades like his 6.6% stake in $Chewy (CHWY.US)$ , continues to attract attention in the retail trading world.