The man known as “Roaring Kitty” on social media, whose online posts sparked the January trading frenzy in GameStop Corp (GME.N), exercised call options on the stock to acquire 50,000 additional shares at a strike price of $ 12, Bloomberg reported.
Bloomberg quoted a screenshot of Keith Gill’s portfolio showing that he exercised 500 GameStop call options that expired Friday, when the stock closed at $ 154.69.
The screenshots were posted on Reddit by Gill, and his mother confirmed the posts to Bloomberg. Reuters could not directly contact the Gills for comment on Saturday.
His total investment in GameStop is now worth more than $ 30 million, bringing him a profit of nearly $ 20 million, Bloomberg said. Gill owns 200,000 shares in the company, the report said.
Gill was a key figure in the so-called “Reddit rally,” in which GameStop’s stock rose 400% in a week before falling back to pre-peak levels.
He started sharing his positions on Reddit’s popular Wallstreetbets trading forum in September 2019, posting a screenshot of a portfolio stating he had invested $ 53,000 in GameStop.
At the end of January, Gill, known as “Roaring Kitty” on YouTube and “DeepF *** ingValue” on Reddit, was up more than 4,000% in stock and options in the company. read more
Last month, Gill appeared before Massachusetts securities regulators to testify as part of an investigation into his activities.
Commonwealth Secretary of State William Galvin, the state’s chief securities regulator, had subpoenaed Gill, who praised GameStop stock in his spare time when he was a registered broker and worked at the insurer MassMutual.
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