did gill sell his gamestop stock? — full answer

Did Gill sell his GameStop stock?

Asking "did gill sell his gamestop stock" is a common shorthand for a larger question: after Keith Gill's June 2024 option activity, did he reduce his publicly visible GameStop (GME) equity holding? Short answer: public reporting indicates he closed or substantially reduced a large June $20 call option position and disclosed a larger equity stake thereafter — he did not publicly report selling down his disclosed GameStop shares. This article explains what is known, the evidence behind that conclusion, the plausible mechanics, market impact, and remaining uncertainties, with dated reporting cited for context.

Note: This writeup is informational and based on public reporting as of the cited dates. It is not investment advice.

Background

Who is Keith Gill (aka Roaring Kitty / DeepF—ingValue)?

Keith Gill is a retail investor and online commentator who rose to public prominence during the 2021 GameStop short‑squeeze episode. Under usernames such as Roaring Kitty (on YouTube) and DeepF—ingValue (on Reddit), Gill posted analysis, screenshots of his broker account, and commentary that attracted a large following. His posts and trading activity were widely credited with helping catalyze the meme‑stock movement in early 2021. Because of his visible role then, later public postings and brokerage screenshots he shared attracted renewed market attention when they reappeared in 2024.

Gill's public persona matters because he historically disclosed granular screenshots of positions and trade history. That transparency — and the market reaction it can trigger — is why many market participants closely track his public disclosures.

Gill’s 2024 reappearance and portfolio disclosures

In May–June 2024 Gill reappeared on social media and posted screenshots of brokerage statements (E*Trade screenshots shared on Reddit and X). Those screenshots and brief posts constituted the primary public evidence used by reporters and market observers.

• As of June 2, 2024, a screenshot Gill posted showed a portfolio listing roughly 5 million GameStop shares, 120,000 June 21, 2024 $20 call option contracts, and a separate cash balance. Reporters treating the screenshots as Gill's disclosures widely summarized those holdings. (As of June 2, 2024, per reporting by multiple outlets.)

• On June 7, 2024, Gill livestreamed briefly and confirmed that at least some of the social posts and screenshots were his, further bolstering attribution of the brokerage images to him.

These public disclosures are the basis for reconstructing what happened: the combination of a large long common‑stock stake plus a very large short‑dated call option position.

The options position

The most striking single line item in Gill's June 2 screenshot was 120,000 June 21, 2024 $20 call contracts. What did that mean in plain terms?

• Each standard equity option contract represents the right to buy 100 shares. Therefore 120,000 call contracts correspond to the right to buy 12,000,000 GameStop shares at $20 per share if exercised.

• The contracts were extremely short dated (expiring June 21, 2024). Holding such a large number of near‑term call contracts implies very high notional exposure to short‑term stock moves.

• In the disclosures and subsequent reporting, those contracts were shown with an implied or reported cost basis of roughly $5.68 per contract in some screenshots/analyst reconstructions. That per‑contract figure is the price Gill showed paying on average for the contracts; multiplying that cost by 120,000 gives a reported options cost basis on the order of several hundred million dollars of notional exposure (though the actual cash paid for options is that per‑contract price times contracts, not the $20 strike times shares).

• Because of option leverage, a relatively modest dollar move in the stock price could translate to large percentage changes in the options position's value.

These components — the long stock stake and large short‑dated calls — framed market attention in early June 2024.

Evidence he closed/trimmed the options position

Multiple pieces of market evidence and reporting point to Gill having closed or substantially reduced the 120,000 June $20 call position in mid‑June 2024.

• As of June 12–13, 2024, market data showed sharply elevated trading volume and unusual activity in the specific June 21 $20 call series. Reporters (and options strategists cited by outlets) noted spikes in open interest changes and trade prints consistent with a large seller of those calls around that period.

• Several news outlets reported on June 12 that market participants and strategists believed Gill had cut the option position given the pattern of option sales and the decline in his disclosed open contracts. (As of June 12, 2024, per reporting.)

• By June 13, subsequent screenshots posted by Gill showed no longer listing the 120,000 June $20 calls and instead showing an increased equity holding. Multiple outlets summarized that the June $20 calls were no longer reflected in the posted account images after mid‑June.

Taken together, market microstructure signals (unusual volume, trade prints) plus the disappearance of the 120,000 calls from Gill’s screenshots provide evidence he closed or materially reduced that options position in mid‑June 2024.

How his equity stake changed

The most consequential public change after the options exit was that Gill’s disclosed equity position increased rather than decreased.

• On June 2, 2024 the screenshot showed approximately 5 million GameStop shares alongside the 120,000 call contracts.

• On June 13, 2024 a later screenshot posted by Gill showed about 9.001 million GameStop shares and no 120,000 June $20 calls. Multiple outlets reported the near‑doubling of the disclosed share count to roughly 9.001 million.

• That public sequence implies that instead of selling his disclosed GameStop shares, Gill appeared to have increased his long common‑stock exposure while reducing the short‑dated options exposure.

In short, publicly disclosed brokerage images showed Gill moving from a mixed stock‑plus‑large‑call‑position to a notably larger pure‑equity stake.

What that shift implies

The steps are consistent with a shift in risk profile: closing a levered, short‑dated options bet and converting that exposure into a larger outright equity holding. But public images do not, by themselves, reveal the exact trade mechanics that produced the change.

Possible mechanics of the transactions

Public reporting and available data allow several plausible explanations for how the outcome (fewer calls, more shares) could have been achieved. None can be confirmed publicly without trade‑by‑trade brokerage records, counterparty disclosures, or a direct, detailed statement from Gill.

Plausible mechanics include:

1. Selling the options outright and using the proceeds to purchase shares

   • Gill could have sold some or all of the 120,000 June $20 calls into the market (or to one or more counterparties). The cash proceeds from those sales could have funded purchases of additional GameStop shares, increasing the disclosed equity count.

2. Exercising some calls and selling others

   • Part of the position could have been exercised (buying shares at the $20 strike), while other contracts were sold. Exercising 12,000 contracts would require paying the strike amount on the underlying shares; exercising a subset would convert contracts into shares directly.

3. A combination of exercises, sales and other trades

   • Gill may have executed a mix: sold bulk of calls, exercised some, and then transacted in the underlying equity as part of a broader portfolio change.

4. Use of counterparties or block trades

   • Large blocks of options or shares can be managed through negotiated trades or blocks that do not appear as simple market prints; counterparties, prime brokers, or institutional desks may facilitate such transactions.

Public reporting cannot fully verify which combination occurred. Reported screenshots show the end state (fewer/zero June $20 calls visible; more shares visible), and market data show unusual option activity around the dates in question; but the precise execution path is not publicly auditable from screenshots alone.

Market impact and immediate effects

The disclosures and the trading activity around mid‑June 2024 coincided with heightened volatility in GameStop’s stock and option markets.

• Option activity: The June $20 call series experienced large spikes in volume and changes in open interest on June 12–13, 2024, drawing the attention of options strategists and reporters. The outsized notional represented by 120,000 contracts magnified how much order flow in that series could move quoted prices and implied volatility.

• Stock price and volume: Around the dates of the screenshots and the reported option transactions there were sharp intraday moves in GME’s share price and elevated stock trading volumes. Media coverage and market commentary attributed part of that volatility to the visibility of Gill’s holdings and the trades tied to them.

• Corporate actions and supply: GameStop itself engaged in capital‑raising and share issuance activities in 2024 (including follow‑on offerings earlier in the year). Increased primary issuance can add to float and affect price dynamics while coinciding with concentrated trading in the stock.

The combination of a high‑profile market actor reentering the public eye, sizable option order flow, and corporate share supply dynamics created a period of elevated short‑term volatility.

Profitability and financial implications

Estimating realized profit or loss from the options and equity moves depends on precise execution details and timing that were not fully disclosed publicly. Nevertheless, press outlets and analysts published illustrative estimates:

• Reported cost bases: The June $20 calls were reported in some screenshots and reconstructions as showing a cost basis of roughly $5.68 per contract. For 120,000 contracts that represents a large premium outlay (the actual dollar premium paid equals per‑contract price × contract count × 100 shares per contract).

• Notional exposure: The 120,000 call contracts represented the right to buy 12 million shares at $20, magnifying per‑penny moves in GME into large option value changes.

• Press estimates: News analyses produced rough calculations of portfolio value and possible profit on the options leg based on when contracts were sold or marked to market; reported headline figures depended heavily on the assumed sale prices and whether calls were exercised or sold. Some pieces noted the math behind the changed public snapshot raised questions about the scale of the position and how it was financed.

Because public screenshots do not include all trade fills or timestamps for every execution, precise P&L numbers remain subject to reconstruction uncertainty. Reported profit estimates thus vary depending on assumptions about sale/exercise timing and prices received.

Regulatory and broker responses

Public reporting noted that brokerages and regulators were attentive to the unusual public disclosures and market activity:

• Brokerage considerations: Coverage said the brokerage shown in screenshots (E*Trade, owned by Morgan Stanley at the time) and industry participants were watching the sequence of trades and exposures. Some reporting discussed standard brokerage and prime‑broker risk checks when clients maintain outsized positions.

• Regulatory interest: Press reports indicated that state regulators and market authorities took interest in the visible activity, as high‑profile retail trading and concentrated exposures can prompt investor protection and market‑integrity inquiries. Public reporting emphasized that such interest is part of normal oversight rather than an assertion of wrongdoing.

• Public questions: The posts and subsequent reporting raised typical public questions about funding sources for large option purchases, margin requirements, and whether sales or exercises complied with all broker rules. Reporters noted these as open points under regulatory purview.

All of the above was reported by outlets following the June disclosures; no public enforcement action directly tied to Gill’s mid‑June activity was reported in the same wave of stories.

Timeline (concise chronology)

• May 2024: Gill reappears in social channels and begins posting brokerage screenshots.
• June 2, 2024: Screenshot posted showing ~5 million GameStop shares, 120,000 June 21 $20 call contracts, and cash balance (reported by multiple outlets).
• June 7, 2024: Gill livestream confirms social posts and parts of the position attribution (reported June 7, 2024).
• June 12–13, 2024: Market data show spikes in volume and trading activity in the June $20 call series; strategists and reporters suggest Gill may have sold or cut the options position (reporting dated June 12–13, 2024).
• June 13, 2024: New screenshot posted showing about 9.001 million GameStop shares and no 120,000 June $20 calls; outlets report Gill nearly doubled disclosed equity stake (reported June 13–14, 2024).
• June–July 2024: Follow‑on reporting and analysis examine the mathematical implications, profitability scenarios, and remaining questions; some stories reference potential regulatory interest (reporting through July and later months).

(Reporting dates and outlets cited below provide the primary contemporaneous coverage.)

Uncertainties and open questions

Despite the clear public snapshots, several important items remained unknown from public reporting:

• Exact trade fills and timestamps: Screenshots are informative but do not substitute for brokerage trade tapes. Without full brokerage records one cannot definitively say which trades executed at which prices.

• Exercise versus sale split: It is not publicly verifiable what portion of the options were exercised versus sold, or whether some were assigned or otherwise closed via negotiated transactions.

• Counterparties and blocks: Large trades can be arranged off‑exchange or via block trades with institutions; public trade prints alone may not reveal the full structure of such executions.

• Funding and financing sources: While screenshots show balances, they do not provide detail on external financing, margin agreements, or prime‑broker arrangements that may underlie large positions.

Reporters and analysts noted these unknowns and cautioned against over‑specific reconstructions absent direct access to comprehensive trade records or a detailed, public ledger from Gill or his custodian.

Aftermath and later reporting (brief)

After the June episodes, coverage continued around Gill’s public portfolio and other positions. Some later reporting looked at other disclosed holdings (for example, reporting in October 2024 about a Chewy stake and subsequent reporting on related sales). Overall, public interest in Gill’s activity persisted, but immediate mid‑June reporting did not document a sale of his disclosed GameStop shares at that time.

Why the question "did gill sell his gamestop stock" matters

• Market signaling: A sale of a major disclosed stake by a high‑profile retail investor can be interpreted as a change in conviction and can influence short‑term sentiment.

• Risk transfer: Options trades and large equity transactions can move exposures between market participants and affect liquidity and price discovery.

• Regulatory and broker oversight: Very large or concentrated positions draw additional monitoring by brokers and regulators concerned with counterparty risk, margin, and market stability.

Understanding whether Gill sold shares or reallocated exposure matters for how market participants interpret subsequent price moves and volatility.

Sources and verification notes

This article is based on contemporaneous public reporting and market data summaries. Where possible, citations identify the outlet and date of reporting to make the time context clear. Public screenshots posted by Keith Gill and republished or described by major outlets formed the factual backbone for reported holdings; market‑data anomalies in option volume and trade prints informed inferences about option sales.

Key public reports (title — outlet — date — URL)

• Reuters — "Roaring Kitty nearly doubles GameStop holdings to 9 million shares, Reddit post shows" — 2024‑06‑13 — https://www.reuters.com/technology/roaring-kitty-nearly-doubles-gamestop-holdings-9-million-shares-reddit-post-2024-06-13/
• Reuters — "Roaring Kitty may have cut GameStop options position, strategists say" — 2024‑06‑12 — https://www.reuters.com/technology/roaring-kitty-may-have-cut-gamestop-options-position-strategists-say-2024-06-12/
• CNBC — "Roaring Kitty's GameStop stake grows to 9 million shares after selling his big options position" — 2024‑06‑13 — https://www.cnbc.com/2024/06/13/roaring-kittys-gamestop-stake-grows-to-9-million-shares.html
• Bankrate — "‘Roaring Kitty’ appears to have upped stake in GameStop, exited options" — 2024‑06‑14 — https://www.bankrate.com/investing/gamestop-roaring-kitty-meme-investor-closes-options-position/
• CNN Business — "‘This is me:’ Keith Gill confirms during live stream that social media posts, GameStop position are his" — 2024‑06‑07 — https://www.cnn.com/2024/06/07/investing/roaring-kitty-keith-gill-gamestop/index.html
• CNN Business analysis — "Wall Street is putting its foot down as 'Roaring Kitty' strikes again" — 2024‑06‑07 — https://edition.cnn.com/2024/06/07/investing/premarket-stocks-trading-roaring-kitty-keith-gill
• Business Insider — "Roaring Kitty becomes the 4th largest GameStop shareholder after nearly doubling his position to 9 million shares" — 2024‑06‑14 — https://markets.businessinsider.com/news/stocks/roaring-kitty-nearly-doubles-gamestop-position-to-9-million-shares-2024-6
• YouTube — "(URGENT) ROARING KITTY SELLS HIS GAMESTOP ..." (user videos discussing the trades) — 2024‑06‑13 — https://www.youtube.com/watch?v=rsMz728cCvw
• InvestmentNews/Barron’s coverage — "Roaring Kitty’s $211M GameStop stake poses a mathematical mystery" — 2024‑07‑10 — https://www.investmentnews.com/ria-news/roaring-kittys-211m-gamestop-stake-poses-a-mathematical-mystery/255188
• Fortune — "GameStop meme king 'Roaring Kitty' gives up on Chewy" (later context on Chewy stake) — 2024‑10‑30 — https://fortune.com/2024/10/30/gamestop-roaring-kitty-keith-gill-chewy-sale/

As of June 13, 2024, Reuters and other outlets had reported the snapshots and market signals described above.

Practical takeaways for readers

• If your question is "did gill sell his gamestop stock?", the public evidence indicates: he closed or reduced a large short‑dated call position in mid‑June 2024 and reported a larger long stock position thereafter; there is no public screenshot or report showing a sale of the disclosed common‑stock stake at that time.

• Public screenshots and market data are informative but incomplete. Precise trade mechanics (exact fills, exercises versus sales) are not fully verifiable from screenshots alone.

• High‑profile retail activity can meaningfully affect short‑term option and equity market volatility; market participants and brokers typically monitor such events closely.

If you want to track similar events in real time, consider using regulated trading platforms and market‑data services and consult primary filings and verified broker statements where possible. For secure trading and reliable order execution, Bitget provides a regulated exchange platform and custody solutions; for wallet interactions or Web3 asset management, Bitget Wallet is a recommended option for users exploring decentralized features.

Further reading and related topics are listed below.

See also

• GameStop short squeeze (2021)
• Meme‑stock phenomenon and retail investor communities
• Options basics: calls, puts, exercise and assignment
• Understanding open interest and option volume
• Keith Gill — public profile and chronology

Final note: continued monitoring

The public record around June 2024 shows a clear sequence of screenshots and market events: an initial disclosure with both stock and a large short‑dated call position, market activity consistent with closing that options exposure around June 12–13, and a later screenshot showing a larger stock stake (about 9.001 million shares). If your primary concern is whether Gill publicly reported selling his disclosed GameStop shares in mid‑June 2024, available reporting indicates he did not — instead, he appeared to increase the disclosed long equity holding after closing the options leg.

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