(Reuters) – The man known as “Roaring Kitty” on social media, whose online posts helped trigger the January trade frenzy in GameStop Corp, has exercised stock options to buy another 50,000 shares in one weight price of $ 12, Bloomberg reported.
Bloomberg quoted a screenshot of Keith Gill’s portfolio showing that he exercised 500 GameStop call options expiring on 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 immediately reach Gills for comment on Saturday.
Its total investment in GameStop is now worth more than $ 30 million, giving it a profit of nearly $ 20 million, Bloomberg said. Gill has 200,000 shares in the company, the report said.
Gill was a key figure in the so-called “Reddit rally”, which saw GameStop shares rise 400% in a week before collapsing back to pre-surge levels.
He began sharing his positions on Reddit’s popular Wallstreetbets trading forum in September 2019, posting a screenshot of his portfolio, indicating that he had invested $ 53,000 in GameStop.
By the end of January, Gill, known as “Roaring Kitty” on YouTube and “DeepF *** ingValue” on Reddit, had grown by more than 4,000% in equity and options investments in the company.
Last month, Gill appeared before Massachusetts regulators to testify as part of a review of his business.
Massachusetts Commonwealth Secretary William Galvin, the state’s chief securities regulator, called Gill, who promoted GameStop shares in his spare time while he was a registered broker and worked for the MassMutual insurer.
Report by Kanishka Singh in Bengaluru; Montage by Cynthia Osterman