(Bloomberg) — Holdings of the GameStop Corp. call options Keith Gill — known online as ‘Roaring Kitty’ — purported to own shrank amid a flurry of late trading Wednesday and Thursday, suggesting that he may have sold some of the position.
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Volume of GameStop $20 calls expiring on June 21 surged to 93,266 contracts on Wednesday, mostly in the last half hour of trading, making it the most-active option. On Thursday morning, volume picked up again shortly after 11:30 a.m., with most large transactions at or near the bid, signaling selling pressure. By midday, the contract was again the most popular, having changed hands 41,230 times.
Through Wednesday’s session, the number of outstanding contracts dropped 34% to 111,818, fewer than the 120,000 Gill alleged in a social media post earlier this month to have bought. A subsequent post showed as of June 10 he…
