By Saqib Iqbal Ahmed
NEW YORK (Reuters) - A surge of trading in some short-dated GameStop options contracts on Wednesday suggested to some market participants that Keith Gill, the stock influencer known as Roaring Kitty, may have sold some of his recently-disclosed options position in the company.
Gill, who helped launch the meme-stock phenomenon in 2021, recently disclosed a sizeable GameStop stock and options position in a screen shot posted on Reddit on June 2. The screen shot showed he held 120,000 GameStop June 21 call options at a strike price of $20, bought at $5.6754 per contract or $68.1 million in all. The screen shot also showed he owned 5 million GameStop shares worth $115.7 million on June 2.
On Wednesday, some 93,000 of the June call options changed hands, some of it in large chunks of 5,000 contracts or more.
Reuters was unable to independently verify whether the contracts were sold or whether Gill was behind the trades.
