The frontrunner of the Gamestop (GME) short squeeze movement finds himself in a potentially historic trade after his impressive comeback to the public eye. Keith Gill, known as ‘Roaring Kitty,’ is now facing the prospect of earning hundreds of millions of dollars from his substantial call option position in GME.

In a Reddit post under his username “DeepF**kingVallue,” Gill revealed that his call position, initially valued at $65 million, has now surged in worth. According to Unusual Whales, a stock and crypto market tools platform, Gill’s GameStop calls reached a staggering $250 million on Monday morning.

Gill’s gains may have even surpassed $750 million at the market’s opening, as suggested by respected growth stock investor and podcaster, Jonah Lupton. Lupton speculates that Gill likely sold his calls at their peak and reinvested in GME equity, resulting in a cost basis in the $20s. Gill then proceeded to sell his GME equity and load up on the June 21st $20 calls. With GME experiencing an 83% premarket surge, Gill is estimated to have earned over $95 million on the equity and potentially more than $450 million on the calls, making his account worth $750 million or more after the market opens.

The New York Stock Exchange (NYSE) has halted trading on GME multiple times due to the extreme volatility caused by Gill’s return and the significant rally of GME last month. Additionally, a GameStop-inspired memecoin called GME, based on the Solana blockchain, has emerged, experiencing a 124% increase in the past 24 hours. The real GME on the NYSE has also seen a 50% increase so far today.

It is worth noting that the NYSE’s temporary trading halts on GME demonstrate the unpredictability of the situation. Gill’s remarkable success and resurgence in the market have attracted attention and generated excitement among investors. However, it is crucial for individuals to conduct thorough research and exercise caution before engaging in high-risk investments in cryptocurrencies, digital assets, or Bitcoin. The Daily Hodl, where this article was published, emphasizes that it is not an investment advisor and advises readers to be aware of the risks involved.