: Reddit trading guru Keith Gill looks to have $40 million deep on his GameStop bet

United States

He likes the stock.

Social media trading star Keith Gill, known by his social media nickname Roaring Kitty posted another screenshot of his trading portfolio to Reddit Wednesday afternoon that appears to shows a massive position in GameStop Inc. GME, +1.69%, made up of almost $ 19 million in stock, $ 8.9 million in options and almost $ 11.9 million in cash.

The screenshot, which MarketWatch cannot prove is genuine, does fit with Gill’s habit of posting updates to his account on the Reddit board r/wallstreetbets where he goes by the alias u/deepfuckingvalue.

Since getting in on the stock in June 2019, for what he claims was a $ 50,000 bet, Gill -who was a licensed broker at MassMutual until late January- Gill’s screenshots show mindboggling growth to a position that has been seen by many as the catalyst behind the surge in GameStop and other meme stocks.

Gill, who was hauled before Congress in February to testify about his role in the manic Reddit Rally that pushed GameStop stock up more than 1,600% to almost $ 350 a share in January, posted a screenshot the day after the hearing revealing a position totaling just over $ 17 million.

If Gill’s screenshots can be taken at face value, he has made $ 25.2 million on his GameStop investment at a profit of more than 938%.

GameStop stock was trading up almost 2.5% midday Thursday.