Roaring Kitty may have cut GameStop options position, strategists say

NEW YORK - A surge of trading in some short-dated GameStop options contracts on Wednesday suggested to some market participants that Keith Gill, the stock influencer known as Roaring Kitty, may have sold some of his recently-disclosed options position in the company.

Taking into account the volume of trading on Wednesday, the contracts changed hands at an average price of $7.65, according to Trade Alert data. Many of the trades took place below the bid price, indicating that a seller may have been trying to offload the contracts, Trade Alert data showed. Overall, GameStop options volume jumped to 1.2 million contracts on Wednesday, 66% higher than the average daily volume for the stock's options over the last month, according to Trade Alert data.

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