Whales with a lot of money to spend have taken a noticeably bearish stance on Trump Media & Technology.
Looking at options history for Trump Media & Technology DJT we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $245,430 and 4, calls, for a total amount of $157,310.
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 $32.0 to $65.0 for Trump Media & Technology over the last 3 months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Trump Media & Technology's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Trump Media & Technology's substantial trades, within a strike price spectrum from $32.0 to $65.0 over the preceding 30 days.
Trump Media & Technology 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DJT | PUT | SWEEP | BEARISH | 08/30/24 | $31.9 | $30.65 | $31.9 | $65.00 | $95.7K | 26 | 17 |
| DJT | PUT | TRADE | BEARISH | 08/30/24 | $31.8 | $29.9 | $31.8 | $65.00 | $47.7K | 26 | 2 |
| DJT | CALL | SWEEP | BEARISH | 01/17/25 | $10.3 | $8.95 | $8.95 | $37.50 | $44.7K | 254 | 0 |
| DJT | CALL | TRADE | BULLISH | 07/19/24 | $4.45 | $3.75 | $4.2 | $32.00 | $43.2K | 1.9K | 6 |
| DJT | CALL | TRADE | BULLISH | 07/19/24 | $4.35 | $3.9 | $4.2 | $32.00 | $39.9K | 1.9K | 141 |
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
- With a volume of 420,584, the price of DJT is up 0.96% at $36.79.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 18 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.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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