Roaring Kitty's Time Magazine Mock-Up Sparks Speculative Meme Stock Trading

Benzinga

Shares of meme stocks surged Thursday following a cryptic post by Keith Gill, known as Roaring Kitty. Gill posted a mock Time magazine cover referencing the 2006 "You" Person of the Year issue, sparking speculative trading. Unity Software shares, ticker "U," rose nearly 5%, while Clear Secure, ticker "YOU," fell nearly 1% after early losses were pared. Gill's post drove increased call option activity, particularly for Unity. Traders also made complex options trades on Clear Secure.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Shares of meme stock surged Thursday following a cryptic post by Keith Gill,

00:06known as Roaring Kitty. Gill posted a Mock Time magazine cover

00:10representing the 2006 U person of the year issue, sparking speculative trading.

00:15Unity Software's shares ticker U rose nearly 5%, while Clear's secure ticker U

00:20fell nearly 1% after early losses were paired. Gill's post drove increased call option activity,

00:26particularly for Unity. Traders also made complex option trades on Clear Secure.

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