Deep-pocketed investors have adopted a bearish approach towards Trump Media & Technology DJT, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DJT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 20 extraordinary options activities for Trump Media & Technology. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 35% leaning bullish and 50% bearish. Among these notable options, 9 are puts, totaling $715,820, and 11 are calls, amounting to $729,672.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $60.0 for Trump Media & Technology over the last 3 months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Trump Media & Technology's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Trump Media & Technology's significant trades, within a strike price range of $20.0 to $60.0, over the past month.
Trump Media & Technology Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DJT | PUT | TRADE | BEARISH | 04/26/24 | $21.95 | $21.1 | $21.7 | $60.00 | $434.0K | 141 | 7 |
| DJT | CALL | SWEEP | BEARISH | 05/17/24 | $8.7 | $8.35 | $8.5 | $30.00 | $317.5K | 3.6K | 566 |
| DJT | CALL | TRADE | BULLISH | 04/26/24 | $2.46 | $2.34 | $2.46 | $37.50 | $61.5K | 465 | 392 |
| DJT | CALL | SWEEP | BEARISH | 05/17/24 | $5.95 | $5.85 | $5.85 | $35.00 | $58.5K | 3.2K | 93 |
| DJT | CALL | TRADE | BULLISH | 04/26/24 | $2.5 | $2.48 | $2.5 | $37.50 | $55.0K | 465 | 426 |
About Trump Media & Technology
Trump Media & Technology Group Corp is a media and technology company rooted in social media, digital streaming, information technology infrastructure, and more. Its initial product launch will focus on its social media platform, Truth Social, which encourages an open, free, and honest global conversation without discriminating against political ideology.
Trump Media & Technology's Current Market Status
- Trading volume stands at 5,062,475, with DJT's price up by 3.92%, positioned at $37.07.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 12 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Trump Media & Technology options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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