Investors with a lot of money to spend have taken a bullish stance on Trump Media & Technology DJT.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DJT, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for Trump Media & Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 9%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $662,470, and 6 are calls, for a total amount of $239,051.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $28.0 to $115.0 for Trump Media & Technology over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Trump Media & Technology's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Trump Media & Technology's whale trades within a strike price range from $28.0 to $115.0 in the last 30 days.
Trump Media & Technology Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DJT | PUT | TRADE | BULLISH | 06/21/24 | $84.7 | $83.55 | $83.55 | $110.00 | $250.6K | 9 | 1 |
| DJT | PUT | TRADE | BULLISH | 06/21/24 | $89.6 | $88.3 | $88.3 | $115.00 | $220.7K | 36 | 1 |
| DJT | PUT | SWEEP | BULLISH | 05/03/24 | $19.7 | $19.55 | $19.55 | $60.00 | $119.2K | 266 | 22 |
| DJT | CALL | SWEEP | BULLISH | 05/10/24 | $3.75 | $3.3 | $3.75 | $44.00 | $56.2K | 150 | 508 |
| DJT | CALL | SWEEP | BULLISH | 05/10/24 | $3.6 | $2.51 | $3.6 | $44.00 | $54.0K | 150 | 409 |
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.
Having examined the options trading patterns of Trump Media & Technology, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Trump Media & Technology
- Currently trading with a volume of 374,029, the DJT's price is up by 1.14%, now at $42.02.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 11 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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