(Reuters) – The man known as “Roaring Kitty” on social media, whose online posts helped spark January’s trading frenzy in GameStop Corp, exercised call options on the stock to acquire 50,000 more shares at a strike price of $12, Bloomberg reported.
Bloomberg cited a screenshot of Keith Gill’s portfolio showing that he exercised 500 GameStop call options expiring 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 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 has 200,000 shares in the company, the report said.
Roaring Kitty acquires more shares in GameStop
mvariety.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mvariety.com Daily Mail and Mail on Sunday newspapers.
memestocks | Benzinga
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
by Tyler Durden
Saturday, Apr 17, 2021 - 03:54 PM
You won t find Roaring Kitty Capital, LP in any Goldman Sachs salestrader s rolodex but to the millions of WallStreetBets daytrading fanatics, the name Roaring Kitty is far more popular than Bridgewater, Citadel, or Millennium.
And for good reason: Keith Gill, the person behind the moniker
Roaring Kitty and
DeepFuckingValue , who launched a historic short squeeze across multiple asset classes in January, destroying Melvin Capital
(which needed a bailout from both Ken Griffin and Steve Cohen) and several other heavily bearish hedge funds, showed ordinary investors that virtually anyone can become a millionaire with lots of hard work and preparation. before eventually ending up in Congress explaining to Maxine Waters just how a relative nobody managed to outsmart people who run billions thanks to his now iconic investment in Gamestop.
Share:
On Friday, Keith Gill exercised his 500 GameStop call options to get 50,000 more shares at a strike price of $12, which is less than a tenth of the current stock price.
What Happened: Keith Gill, the Reddit WallStreetBets trader, also bought 50,000 more
GameStop Corp (NYSE: GME) shares, bringing his total investment to 200,000 shares worth more than $30 million.
Gill who goes by DeepF Value on Reddit and Roaring Kitty on YouTube is the man who helped inspire the GameStop short squeeze in January.
On Friday, he shared a screenshot of his portfolio marked final update on the WallStreetBets subreddit. The screenshot showed nearly $34.5 million in his assets with $30.9 million of GameStop shares and $3.5 million in cash. The Wall Street Journal also reported Gill held more than $30 million in assets.