Deep-pocketed investors have adopted a bullish 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 223 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 45% leaning bullish and 43% bearish. Among these notable options, 57 are puts, totaling $5,231,846, and 166 are calls, amounting to $10,801,068.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $115.0 for Trump Media & Technology over the recent three 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 $10.0 to $115.0, over the past month.
Trump Media & Technology 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DJT | CALL | SWEEP | BEARISH | 11/08/24 | $12.75 | $12.65 | $12.65 | $60.00 | $239.0K | 1.0K | 3.9K |
| DJT | PUT | SWEEP | BEARISH | 12/20/24 | $2.06 | $1.85 | $2.0 | $15.00 | $236.0K | 11.8K | 1.8K |
| DJT | PUT | SWEEP | BEARISH | 12/20/24 | $1.97 | $1.85 | $1.97 | $15.00 | $217.0K | 11.8K | 3.3K |
| DJT | PUT | SWEEP | BULLISH | 11/08/24 | $11.0 | $10.95 | $10.95 | $45.00 | $206.9K | 713 | 1.5K |
| DJT | PUT | SWEEP | BULLISH | 12/20/24 | $0.95 | $0.85 | $0.87 | $10.00 | $196.4K | 16.1K | 16.3K |
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.
Current Position of Trump Media & Technology
- Currently trading with a volume of 157,258,588, the DJT's price is up by 9.99%, now at $52.09.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 13 days.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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