Unpacking the Latest Options Trading Trends in Trump Media & Technology

Deep-pocketed investors have adopted a bearish approach towards Trump Media & Technology (NASDAQ: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 18 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 22% leaning bullish and 44% bearish. Among these notable options, 13 are puts, totaling $1,137,171, and 5 are calls, amounting to $1,635,166.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $5.0 to $115.0 for Trump Media & Technology during the past quarter.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Trump Media & Technology stands at 1609.56, with a total volume reaching 9,064.00. 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 $5.0 to $115.0, throughout the last 30 days.

Trump Media & Technology Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
DJT CALL TRADE NEUTRAL 06/21/24 $45.65 $41.6 $44.0 $5.00 $1.4M 0 331
DJT PUT TRADE BEARISH 07/19/24 $9.4 $8.75 $9.3 $40.00 $601.7K 424 672
DJT PUT SWEEP BEARISH 09/20/24 $23.4 $22.35 $23.4 $45.00 $128.7K 1.9K 67
DJT CALL TRADE BEARISH 09/20/24 $5.45 $4.85 $5.01 $46.00 $50.1K 59 106
DJT CALL TRADE NEUTRAL 01/17/25 $26.1 $22.4 $23.98 $25.00 $47.9K 562 20

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.

After a thorough review of the options trading surrounding Trump Media & Technology, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Trump Media & Technology Currently trading with a volume of 1,727,824, the DJT's price is up by 0.43%, now at $49.3. RSI readings suggest the stock is currently is currently neutral between overbought and oversold. Anticipated earnings release is in 61 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Trump Media & Technology, Benzinga Pro gives you real-time options trades alerts.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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