An Anonymous Trader – Who Is Most Likely Roaring Kitty – Banks 500 Percent Gains On Chewy Calls Within 48 Hours

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

Ever since liquidating his GameStop calls ahead of their expiration on the 21st of June, the OG meme stock veteran, Keith Gill, who also goes by the moniker Roaring Kitty on Reddit, has been largely mum on his next moves, barring a rare disclosure of a 6.6 percent stake in Chewy Inc. Now, however, options market data suggests that Roaring Kitty is again building up a sizable stash of calls on GameStop and Chewy, perhaps in the hope of igniting a gamma squeeze event in these retail-exposed names.

For the benefit of those who might not be aware, there are striking similarities between Roaring Kitty's GameStop play and his ongoing gamma-squeeze-inducing moves vis-a-vis Chewy. First, the online retailer of pet-related items has a sizable short interest, corresponding to 14.88 percent of the float. Additionally, Chewy was founded by none other than the current CEO of GameStop, Ryan Cohen, a few years back, creating a plausible if tenuous link between the two entities.

Related Story Roaring Kitty Includes A Feline Meme Joke Within The SEC Filing That Disclosed A 6.6 Percent Stake In Chewy

This brings us to the crux of the matter. The X account Unusual Whales alerted to an anomalous transaction on Tuesday, which involved the purchase of 5,000 calls on GameStop and another 5,000 on Chewy. Both of these bullish bets expire on the 19th of July. Based on trade size similarities, Unusual Whales alluded to the possibility that Roaring Kitty might again be accumulating a bullish call stake in these two names.

This brings us to today when Ryan Rigg, who operates a companion X account to Unusual Whale's, reported that the Chewy calls likely purchased by Roaring Kitty on Tuesday at a cost of $0.14 were now trading at $0.90, corresponding to an unrealized gain of around 500 percent within just the past 48 hours.

Our readers should note that