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DJT $50 Call Options Volume Jump After Failed Assassination Attempt on Trump
Investors and speculators are piling onto $Trump Media & Technology (DJT.US)$ options that give the holders the right to purchase the stock at $50 by the end of this week, implying optimism of further upside for Truth Social's parent company.
DJT shares jumped more than 30% to $40.69 Monday morning amid increasing speculation that the failed assasination attempt on its biggest shareholder, former President Donald Trump, would boost his chances of beating President Joe Biden in the November presidential election and give the Republicans a bump in the polls.
More than 20,000 of those $50 calls changed hands as of 10:46 a.m. in New York Monday, almost quadruple the open interest of 5,660. Volume jumped from just 240 contracts last Friday when the stock closed at $30.89. The price of those calls soared 1393% to more than $2.
Despite the steep gains in DJT shares, there's still no obvious signal from the collective view of technical indicators tracked by moomoo. Six of those indicators are signaling that the stock could be overbought and the trend may turn bearish, while another six are neutral. Only three are flashing bullish signs. The stock price has crossed above the middle line of the Bollinger band, seen below, which is viewed by some technicians that the stock could turn bullish.
Despite the jump, capital trend data tracked by moomoo showed fund outflows from the stock still outpaced inflows by $31.76 million. The stock is still in course for another monthly net outflow for July.
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See this link for more information.
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. All company analysis information is provided by third parties and not by Moomoo Financial Inc. Any illustrations, scenarios, or specific securities referenced herein are strictly for informational purposes and is not a recommendation. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
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. All company analysis information is provided by third parties and not by Moomoo Financial Inc. Any illustrations, scenarios, or specific securities referenced herein are strictly for informational purposes and is not a recommendation. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
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Luzi Ann Santos
Moomoo Senior News and Community Manager
Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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Yori White : likely will hit over 50
wiseone : Hardly surprised. Even without this horrid assassination attempt I suspect Trump would still beat Biden this fall. How anyone can vote for Biden with the gaffes he makes let alone his Policies such as equipping Ukraine is beyond me.
74024480 : Hi
74024480 : How are you doing
༺近战法师༻ : this company is not backed by any fundamental
Clement Lemons : OK
Priscilla JJ : I am optimistic about this.
有風度的希普利 : Crazy
RealRedheadTrader wiseone : Ridiculous. And not the place for your terrible politics. smh
RealRedheadTrader White_Shadow : not sure about that and I'm not a fan of the orange felon. he could have hired the shooter though...to miss on purpose. unfortunately the shooter is dead so we won't know.
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