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 25 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 36% leaning bullish and 48% bearish. Among these notable options, 12 are puts, totaling $880,929, and 13 are calls, amounting to $769,036.
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 $10.0 to $100.0 for Trump Media & Technology over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Trump Media & Technology stands at 2906.91, with a total volume reaching 23,053.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Trump Media & Technology, situated within the strike price corridor from $10.0 to $100.0, throughout the last 30 days.
Trump Media & Technology Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DJT | PUT | SWEEP | BULLISH | 11/08/24 | $7.65 | $7.6 | $7.6 | $30.00 | $374.6K | 5.0K | 2.6K |
| DJT | CALL | SWEEP | BEARISH | 11/08/24 | $9.25 | $9.2 | $9.25 | $25.00 | $136.9K | 1.0K | 766 |
| DJT | CALL | SWEEP | BULLISH | 01/16/26 | $4.5 | $4.45 | $4.5 | $100.00 | $101.2K | 2.2K | 319 |
| DJT | CALL | SWEEP | NEUTRAL | 11/08/24 | $4.95 | $4.1 | $4.59 | $40.00 | $98.4K | 5.2K | 204 |
| DJT | CALL | SWEEP | BEARISH | 11/08/24 | $2.92 | $2.9 | $2.9 | $50.00 | $80.0K | 7.3K | 4.7K |
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.
In light of the recent options history for Trump Media & Technology, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Trump Media & Technology
- With a trading volume of 33,213,112, the price of DJT is down by -1.86%, reaching $29.99.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 11 days from now.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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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