High-rolling investors have positioned themselves bearish on Trump Media & Technology DJT, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DJT often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Trump Media & Technology. This is not a typical pattern.
The sentiment among these major traders is split, with 33% bullish and 66% bearish. Among all the options we identified, there was one put, amounting to $40,400, and 8 calls, totaling $313,778.
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 $20.0 to $115.0 for Trump Media & Technology over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $20.0 to $115.0 in the last 30 days.
Trump Media & Technology Option Volume And Open Interest Over Last 30 Days
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 | TRADE | BEARISH | 01/15/27 | $20.8 | $19.0 | $19.5 | $20.00 | $78.0K | 295 | 40 |
| DJT | CALL | TRADE | BULLISH | 01/24/25 | $4.55 | $4.2 | $4.47 | $36.00 | $51.4K | 83 | 117 |
| DJT | PUT | TRADE | BEARISH | 01/17/25 | $80.8 | $80.4 | $80.8 | $115.00 | $40.4K | 378 | 5 |
| DJT | CALL | TRADE | BULLISH | 12/20/24 | $3.5 | $3.5 | $3.5 | $31.00 | $35.0K | 5.9K | 0 |
| DJT | CALL | TRADE | BEARISH | 01/10/25 | $4.1 | $4.0 | $4.0 | $34.00 | $32.0K | 47 | 167 |
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.
Present Market Standing of Trump Media & Technology
- Currently trading with a volume of 2,720,697, the DJT's price is up by 0.47%, now at $34.32.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 54 days.
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If you want to stay updated on the latest options trades for Trump Media & Technology, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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