Investors with a lot of money to spend have taken a bullish 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 24 uncommon options trades for Trump Media & Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 58% bullish and 16%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $357,300, and 16 are calls, for a total amount of $573,060.
Projected Price Targets
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 $67.0 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 $67.0 in the last 30 days.
Trump Media & Technology Option Activity Analysis: 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 | 01/24/25 | $1.83 | $1.55 | $1.55 | $31.00 | $77.5K | 46 | 500 |
| DJT | PUT | TRADE | BULLISH | 12/19/25 | $16.45 | $15.35 | $15.5 | $40.00 | $71.3K | 29 | 48 |
| DJT | CALL | TRADE | BULLISH | 01/15/27 | $21.7 | $19.55 | $21.7 | $20.00 | $52.0K | 327 | 0 |
| DJT | CALL | TRADE | BULLISH | 02/21/25 | $5.15 | $5.15 | $5.15 | $40.00 | $51.5K | 3.3K | 129 |
| DJT | PUT | SWEEP | BULLISH | 01/10/25 | $2.54 | $2.36 | $2.36 | $37.00 | $47.2K | 76 | 627 |
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.
Where Is Trump Media & Technology Standing Right Now?
- With a trading volume of 6,474,777, the price of DJT is up by 3.73%, reaching $37.13.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 39 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.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Trump Media & Technology with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
