On Wednesday, the trading volume of some short-term GameStop option contracts surged, leading some market participants to believe that investor Keith Gill, nicknamed Roaring Kitty, may have sold some of his GameStop option positions.

On Monday (June 3rd), the opening price of GameStop was $40.19, an increase of nearly 70%. Subsequently, the increase in gaming stations fell slightly, closing at $28 on Monday, up 21%.