Zhitong Finance and Economics APP learned that the retail investor known as Roaring Kitty, Keith Gill, has apparently liquidated the Gamestop (GME.US) call options he held and increased his shareholding in Gamestop stocks.

According to a screenshot of Gill's Reddit account on Thursday, his investment portfolio no longer includes 120,000 Gamestop call options, which will expire next week with a strike price of $20. Instead, his investment portfolio has over 9 million shares of Gamestop common stocks, up from 5 million earlier this week.

The screenshot shows that Gill's cash position has fallen from nearly $30 million on Monday to $6.3 million. This means that Gill may have used some of his cash to increase his shareholding in common stocks.

On Wednesday and Thursday, the trading volume of these call options was about 142,000. As of Wednesday's close, the open interest had dropped 34% to 111,818 contracts.

Gamestop options trading is active.

On Wednesday, the call options with a strike price of $20 closed at $6.40. On Thursday, as Gamestop's stock price rose 14% to $29.12, the trading price of the options ranged from $6 to $9.80. This means that the price of these options is higher than Gill's claimed average purchase price of $5.6754.

Danny Kirsch, Piper Sandler's options chief, said: "It looks like he sold 80,000 call options and exercised 40,000. Based on the screenshot circulating on Reddit, he now holds 9 million shares of stock."

As trading volume surged, Gamestop's shareholder meeting scheduled for Thursday was postponed due to technical difficulties with the live broadcast.

Last week, Gill's disclosure of his options position and his return to YouTube almost doubled Gamestop's stock price to over $45. Gamestop took advantage of this surge and sold $2.14 billion worth of stock to raise cash. As the option expiration date approaches, Wall Street has been speculating whether Gill will exercise the contracts to obtain stocks or just close them out.

In the past four weeks, Gill's posts on platform X, along with screenshots of his investment portfolio on Reddit, have prompted investors to buy Gamestop's stock.

As of press time, Gamestop was down 1.20% in pre-market trading, trading at $28.77. Other meme stocks also fell, with AMC Entertainment (AMC.US) down nearly 2% in pre-market trading and headphone retailer Koss Corp (KOSS.US) down nearly 1%.