Investors with a lot of money to spend have taken a bearish 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 17 uncommon options trades for Trump Media & Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 17% bullish and 82%, bearish.
Out of all of the special options we uncovered, 10 are puts, for a total amount of $550,390, and 7 are calls, for a total amount of $885,180.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $5.0 to $115.0 for Trump Media & Technology during the past quarter.
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 $5.0 to $115.0 in the last 30 days.
Trump Media & Technology Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DJT | CALL | TRADE | BULLISH | 06/21/24 | $36.9 | $33.1 | $35.4 | $5.00 | $644.2K | 0 | 0 |
| DJT | PUT | SWEEP | BULLISH | 09/20/24 | $77.05 | $75.25 | $75.55 | $100.00 | $135.9K | 1.8K | 11 |
| DJT | PUT | SWEEP | BEARISH | 06/28/24 | $5.55 | $4.6 | $5.6 | $40.50 | $92.3K | 5 | 1 |
| DJT | PUT | SWEEP | BULLISH | 09/20/24 | $77.1 | $75.55 | $75.55 | $100.00 | $75.5K | 1.8K | 0 |
| DJT | PUT | TRADE | BEARISH | 09/20/24 | $89.9 | $88.3 | $89.9 | $115.00 | $44.9K | 193 | 0 |
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.
Following our analysis of the options activities associated with Trump Media & Technology, we pivot to a closer look at the company's own performance.
Where Is Trump Media & Technology Standing Right Now?
- With a trading volume of 503,296, the price of DJT is up by 2.67%, reaching $40.36.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 52 days from now.
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.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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