Crashes, No Sound, or Screen Glitches?
Random freezes, missing sound and display glitches usually trace back to one bad driver. Find and replace yours safely.Free scan · under a minutePC Slower Than It Used to Be?
A free scan shows the junk files, broken settings and background clutter dragging Windows down - then fixes them in one click.Free scan · Windows 10 & 11During a June 7, 2024 livestream, a portfolio screenshot attributed to Keith Gill—known online as Roaring Kitty—showed his GameStop holdings down more than $235 million, according to the Associated Press. That was a point-in-time, mark-to-market decline shown on screen, not proof that Gill sold assets or realized a loss of that amount.
What the reported $235 million decline means
AP reported that GameStop closed at $28.22 on Friday, June 7, 2024, down 39.4% for the session. During Gill’s livestream that day, an E-Trade portfolio screenshot indicated his holdings were down more than $235 million. Those figures describe a historical market close and a reported screenshot—not Gill’s current portfolio or a confirmed final loss.
A portfolio’s displayed value can fall when its holdings’ market prices decline. A loss becomes realized when an asset is sold for less than its relevant cost basis. The reporting does not establish that Gill sold the shares or options shown, or document his final realized gain or loss. AP’s account of the livestream and June 7 trading reports the screenshot-based figure.
What Gill reportedly held
Reuters reported that a June 2, 2024 screenshot showed two distinct GameStop positions: shares and call options. The figures below are reported snapshots at different dates, not a combined realized-profit calculation.
Free tools Windows power users keep installed
One-click scans. No signup required.
#1 Best Overall
| Position | Reported amount and value | Later reported value |
|---|---|---|
| GameStop shares | 5 million shares, valued at $115.7 million in the June 2 screenshot | Not stated in the cited Reuters report as a comparable June 10 share-position value |
| June 21 call options | 120,000 calls with a $20 strike, reportedly purchased for $68.1 million, according to the June 2 screenshot | Reuters reported the calls were worth as much as $340.9 million on Friday before the June 7 livestream and $81.9 million at the June 10 close |
The option valuations are dated market estimates. They do not establish whether Gill exercised or sold the contracts, or what he ultimately gained or lost. Reuters’ report describes the positions and the changing option values: GameStop shares fall 40% after Roaring Kitty livestream.
Why GameStop shares fell on June 7
GameStop shares fell about 40% that Friday. Reuters described the selloff amid the company’s announcement of a stock offering and a livestream that did not lift the share price. AP reported that GameStop had announced plans to sell up to 75 million shares. These events provide contemporaneous context; the available reporting does not establish that any one of them alone caused the full decline.
In its June 2024 share-offering filing, GameStop said, as quoted by AP: “During such period, we did not experience any material changes in our financial condition or results of operations that would explain such price volatility or trading volume.” That is the company’s statement in its disclosure, not an independent finding about what caused trading activity. AP reported the offering announcement and quoted the disclosure.
Why the call options could lose value quickly
The reported calls gave the holder the right, but not the obligation, to buy GameStop shares at $20 per share through their June 21, 2024 expiration. Their market value depended on more than whether Gill continued to hold shares: the stock price, time remaining, and other option-pricing factors all mattered.
The Tool Desk
Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Share-price exposure
A call’s value is sensitive to the underlying share price. A sharp decline can reduce the market value of a call, particularly when its strike price is near the stock price. The June 7 close of $28.22 was above the reported $20 strike, but that fact alone does not determine an option’s total market value or the holder’s eventual outcome.
Time decay and expiration
Options have a fixed expiration date. As June 21 approached, the June 21 calls had less time in which the stock could move favorably. The time-value component typically erodes as expiration nears, with decay accelerating near expiry. Consequently, options can lose market value quickly even if the holder continues to own the underlying shares.
That is why the reported $68.1 million purchase amount, the Friday pre-livestream valuation of as much as $340.9 million, and the June 10 valuation of $81.9 million should be read as separate dated figures—not as evidence of a completed sale or a final profit or loss. Reuters discusses the short-dated contracts and their exposure to changing prices and time.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the reports do—and do not—establish
- Established in contemporaneous reporting: the June 7 close, the decline shown on the livestream screenshot, and the June 2 screenshot’s reported share and call-option positions.
- Not established: Gill’s final sales, realized gains or losses, tax consequences, ability or decision to exercise the contracts, or current personal holdings.
- Important distinction: a reported portfolio-value decline is not interchangeable with a realized loss, and an option’s market value is not the same as cash received from selling it.
GameStop filings provide company-level disclosures; they do not, by themselves, confirm the later transactions or personal finances of an individual investor. The latest filing referenced in this coverage therefore cannot establish Gill’s current holdings or final outcome. GameStop filings at the SEC
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
Quick Recap
Best Value
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
