Morgan Stanley is reportedly considering banning Keith Gill, a.k.a. ‘The Roaring Kitty,’ from its E*Trade electronic trading platform due to allegations of his involvement in manipulating meme stock prices through his social media activities.
Keith Gill purchased a significant volume of GameStop options on E*Trade, according to a Monday WSJ report.
In a Reddit post shared Sunday, Gill revealed that he holds over $115.7 million in shares of the video game retailer. Known for his large following on Reddit, especially among users of r/WallStreetBets, Gill shared a screenshot on the r/SuperStonk subreddit indicating that, in addition to the shares, he possesses about $65.7 million in call options set to expire on June 21, with a strike price of $20 each.
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