Trump Media Investors, Speculators Load Up on $90 Calls
$Trump Media & Technology(DJT.US$s investors and speculators are loading up on bets that could pay off if the shares that are already up 16% at their first trading day, could climb further.
Call options that give the holder the right to buy Trump Media shares at $90 each by Thursday were the most actively traded contracts tied to the stock, data compiled by moomoo showed. About 33,840 of such contracts changed hands Tuesday. By comparison, put options that give the holders the right to sell the stock at that $90 strike price, also expiring in two days, totaled just 777.
In total, some 258,170 options tied to Trump Media, named after one of its biggest holder, former President Donald J. Trump, were traded. That gives DJT the 11th highest stock options volume tracked by moomoo.
The number one slot belongs to $Tesla(TSLA.US$, with 2.31 million options traded, followed by $NVIDIA(NVDA.US$, with 1.06 million. DJT is just below $Carnival(CCL.US$, which saw 259,840 options traded.
Bets against Trump's social media company have proven costly. Annual financing costs to borrow DJT shares are now more than 150%, Bloomberg reported, citing data from S3.
Even market players with millions of dollars at their disposal are jumping in. See these block trades on moomoo app below.
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request. Moomoo does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy.
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tomod6889 : Trump wants control of the market.....watch him
70729743 : TRAITOR ALERT
rezki_kwn2 : i dont understand what u said....