The man known as “Roaring Kitty” on social media, whose online posts helped spark the January trade frenzy at GameStop Corp (GME.N), exercised stock options over the shares to acquire 50,000 more shares at a strike price of $ 12, Bloomberg reported.
Bloomberg cited a screenshot of Keith Gill’s portfolio showing it exercised 500 GameStop call options that expired on Friday, when shares closed at $ 154.69.
The screenshots were posted to Reddit by Gill, and his mother confirmed the posts to Bloomberg. Reuters was unable to reach Gills immediately for comment on Saturday.
His total investment in GameStop is now worth more than $ 30 million, which allowed him to earn nearly $ 20 million, Bloomberg said. Gill has 200,000 shares in the company, according to the report.
Gill was a key figure in the so-called “Reddit Rally,” which saw GameStop shares rise 400% in a week before returning to pre-rise levels.
He began sharing his positions on Reddit’s popular Wallstreetbets trading forum in September 2019, posting a portfolio screenshot indicating that he had invested $ 53,000 in GameStop.
In late January, Gill, known as “Roaring Kitty” on YouTube and “DeepF *** ingValue” on Reddit, increased more than 4,000% in investments in stocks and options in the company. Read more
Last month, Gill appeared before Massachusetts securities regulators to testify as part of an examination of his activities.
Massachusetts Commonwealth Secretary William Galvin, the state’s top securities regulator, had quoted Gill, who was promoting GameStop shares in his spare time as a registered broker and working for insurer MassMutual.
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