The sell-off in GameStop shares was intensified on Wednesday afternoon, coinciding with a spike in trading volume in the call options owned by Roaring Kitty, whose legal name is Keith Gill. On Monday night, Gill disclosed that he still held 120,000 call options contracts with a strike price of $20 and an expiration date of
Options
As Roaring Kitty, also known as Keith Gill, observes the fluctuating GameStop shares, he faces a tough decision regarding his substantial options position that is nearing expiration. His current holdings include 5 million GameStop common shares and 120,000 call options, representing 12 million underlying shares. The call options have a strike price of $20 and
Apple device users are in for a treat as they will soon have the option to utilize buy now, pay later loans from Affirm for their purchases. Affirm, a fintech company based in San Francisco, announced that it will be available as a payment choice for U.S. Apple Pay users on iPhones and iPads later
The Group of Seven (G7) wealthy democracies are gearing up to send a firm message to small Chinese banks about their involvement in assisting Russia in evading Western sanctions. Leaders from the G7 countries are expected to have intense conversations during their upcoming summit in Italy about the growing trade relationship between China and Russia
The recent report filed by the court-appointed trustee in the Synapse bankruptcy case has revealed a shocking $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed. This significant gap has plunged more than 100,000 customers into a state of uncertainty and financial distress. While customers of
Nio, the Chinese electric car company, is gearing up for an expansion into the Middle East market as part of its strategic plan for growth and global presence. CEO William Li announced the move during an earnings call, revealing the company’s ambitious plans to introduce its products and services in the United Arab Emirates by
In the world of meme stocks and online trading, Keith Gill has made a name for himself as a champion of GameStop. Starting with a $53,000 bet in his favorite video game retailer almost five years ago, Gill’s net worth has now skyrocketed to over $289 million. Known as “DeepF——Value” on Reddit and “Roaring Kitty”
The Australian housing market has shown remarkable resilience in the face of various economic challenges. Despite high interest rates, cost of living pressures, and consumer pessimism, home prices in Australia have continued to climb steadily. According to data from property consultant CoreLogic, national home prices rose by 0.8% in May, marking the sixteenth consecutive month
The idyllic town of Bellagio in Lake Como, Italy, is known for its stunning landscapes, luxurious villas, and celebrity sightings. However, the recent influx of tourists has started to take a toll on the local infrastructure. Boat drivers, who ferry tourists around the lake to admire the picturesque views, have started to voice their concerns
In recent days, the dollar has seen a significant increase in value against other major currencies. This rise can be attributed to a selloff in Treasuries which has led to higher U.S. yields. As investors seek safe haven assets amidst global market turmoil, the dollar has emerged as a preferred choice. The bond market rout
In recent years, there has been a noticeable shift in the preferences of Chinese travelers, with many opting for domestic destinations over international tourist spots. This change in behavior is reflected in a survey conducted by consulting firm Oliver Wyman, which found that only 14% of high-income households in mainland China, earning at least 30,000
As the cost of living continues to rise, many individuals are finding creative ways to cut back on expenses without sacrificing the quality of their leisure time. One such individual is avid traveler Lora Bowler, who has discovered the benefits of utilizing hotel day passes to enjoy luxury amenities without the hefty price tag of