By Syndicated Content
Apr 17, 2021 6:57 PM
(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.
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Keith Gill, known as Roaring Kitty, was a key figure in the so-called Reddit rally which saw shares of GameStop surge 400 per cent in a week before crashing back to pre-surge levels.
18 Apr 2021 02:05PM (Updated:
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The man known as Roaring Kitty on social media, whose online posts helped spark January s trading frenzy in GameStop, exercised call options on the stock to acquire 50,000 more shares at a strike price of US$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 US$154.69.
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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.
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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.
US State looks to ban Robinhood trading platform
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By: Associated Press Staff Writers
Stakes are rising in Massachusetts legal battle against Robinhood Financial, and regulators are asking for the popular trading app s brokerage registration to be revoked, which would effectively bar it from the state.
Robinhood, meanwhile, calls the complaint brought by Secretary of the Commonwealth William Galvin s office elitist and based on a rule that should not apply in its case. It s asking to move the issue to a state court, rather than continue to work through an administrative process.
Hibbing, MN, USA / 93.9 WTBX
Apr 17, 2021 6:57 PM
(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.