The man known as ‘Roaring Kitty’ on social media, and whose online posts helped fuel January’s trading frenzy in GameStop Corp (GME.N), exercised call options on the stock to sell another 50,000 shares at to get a hit price of $ 12, reports Bloomberg.
Bloomberg cites a screenshot of Keith Gill’s portfolio showing him exercising 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 reports to Bloomberg. Reuters could not immediately reach the Gills for comment on Saturday.
His total investment in GameStop is now worth more than $ 30 million, giving 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’, which raised GameStop shares by 400% within a week before falling back to pre-boom levels.
In September 2019, he started sharing his positions on Reddit’s popular Wallstreetbets trading forum and posted a portfolio snapshot indicating that he had invested $ 53,000 in GameStop.
At the end of January, Gill, known as ‘Roaring Kitty’ on YouTube and ‘DeepF *** ingValue’ on Reddit, rose more than 4,000% on investments in the company’s shares and options. read more
Last month, Gill appeared before security regulators in Massachusetts to testify as part of an investigation into his activities.
Massachusetts State Secretary William Galvin, the state’s leading security regulator, sued Gill, who in his spare time held GameStop shares while a registered broker and worked for insurer MassMutual.
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