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 8 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 25% leaning bullish and 75% bearish. Among these notable options, 4 are puts, totaling $158,390, and 4 are calls, amounting to $178,252.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $24.0 to $40.0 for Trump Media & Technology over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Trump Media & Technology options trades today is 1351.0 with a total volume of 46.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Trump Media & Technology's big money trades within a strike price range of $24.0 to $40.0 over 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 | SWEEP | BEARISH | 09/20/24 | $10.35 | $10.35 | $10.35 | $24.00 | $72.4K | 111 | 0 |
| DJT | CALL | TRADE | BEARISH | 06/21/24 | $10.0 | $9.45 | $9.55 | $40.00 | $62.0K | 2.1K | 21 |
| DJT | CALL | TRADE | BEARISH | 05/17/24 | $11.3 | $9.6 | $10.08 | $38.00 | $44.3K | 16 | 0 |
| DJT | CALL | TRADE | BULLISH | 05/17/24 | $19.35 | $18.05 | $18.85 | $30.00 | $37.7K | 8 | 0 |
| DJT | CALL | TRADE | BULLISH | 01/17/25 | $14.1 | $12.6 | $13.65 | $35.00 | $34.1K | 2.2K | 7 |
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
Trump Media & Technology's Current Market Status
- With a volume of 684,105, the price of DJT is down -1.28% at $48.55.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 14 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Trump Media & Technology with Benzinga Pro for real-time alerts.
© 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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