言归正传，对这样一只完全不存在基本面可言的股票，市场数据显示，① From the end of September until now, the stock price of the Trump Media Technology Group has doubled; ② Perhaps it is also because the volatility of this stock is too high, so traders have restricted both profits and losses.
On October 12, Caixin.com (Editor Shi Zhengcheng) As the U.S. presidential election enters the final month countdown this year, combined with the chairman of the publicly listed company Trump Media Technology Group Trump's improved election prospects, the company's stock price has doubled, triggering more and more investors/gamblers to fervently bet on call options.
As of the close on Friday, $Trump Media & Technology (DJT.US)$ Continuing the nearly 5% increase, the latest quote is $25.28. This stock completed a 'shell listing' in March this year, and its core asset is Truth Social, a social media company launched by Donald Trump after he was 'banned from the internet' in 2021. The stock once rose to nearly $80 after listing, but then weakened in fluctuations, falling to a low point of $11.75 after the lock-up period in September.
To get back on track, for such a stock that completely lacks any fundamental factors, market data shows that some investors this Thursday adopted a 'bull market spread' betting strategy - simultaneously buying call spreads expiring in mid-November while also selling put spreads.
It is reported that the trading involved 0.05 million units of call spreads, allowing holders to buy 5 million shares of Trump Media Technology Group at a price of $25 per share. The upper limit of profit from this trade is at $35 per share, with a potential maximum profit of $50 million. At the same time, the put spreads require the seller to buy 4 million shares when the stock price falls to $12, with an estimated maximum loss limit of $7 per share.
It is not difficult to understand that the final outcome of this trade will be closely related to the voting results on November 5. The latest polls show Harris's support rate at 49%, roughly about two percentage points higher than Trump's. However, data from offshore gambling markets also indicate that gamblers have placed significant bets with real money, with Trump having a slight advantage.
Given that Trump will face sentencing in late November in the New York court for the 'Stormy Daniels hush money case', next month's election is also seen as his 'either to the White House or to prison'. Such vastly different circumstances will clearly have a serious impact on the stock prices of publicly listed companies.
The 30-day actual volatility of Trump Media Technology Group's stock price has reached an astonishing 124, more than three times that of bitcoin, and has doubled that of the well-known meme stock GameStop. This means that the price fluctuations of this stock will continue until the next month's election and the remaining time of this year.
Editor/Somer
