Here’s What the Whales Are Betting on Trump Media & Technology – Trump Media & Technology (NASDAQ:DJT)

Investors with deep pockets have embraced the crazy trend towards Trump Media & Technology DJTand it is something that market players should not ignore. Our tracking of public opinion polls at Benzinga revealed this milestone today. The identity of these investors remains unknown, but such large activity in DJT usually suggests that something big is about to happen.

We got this insight from what we noticed today when the Benzinga polling machine highlighted 25 unusual polling jobs for Trump Media & Technology. This level of activity is unusual.

The general sentiment among these heavy investors is split, with 36% leaning bullish and 48% bearish. Of these notable options, 12 are placed, totaling $880,929, and 13 are calls, totaling $769,036.

Price Movement Expected

Taking into account the Volume and Open Interest in these contracts, it seems that the whales have been targeting the price from $10.0 to $100.0 for Trump Media & Technology in the last 3 months.

Volume Publishing & Open Interest Development

In today’s trading, the average open interest for Trump Media & Technology options stands at 2906.91, with the total volume reaching 23,053.00. The accompanying chart describes the development of the call and puts the option volume and open profit for the high-value trades in Trump Media & Technology, which sits within a price corridor from $10.0 to to $100.0, in the last 30 days.

Trump Media & Technology Option Volume and Open Interest in the Past 30 Days

Key Options Available:

A symbol	BOOK/CALL	Type of Business	Comments	Exp. Sun	Ask	Bid	Price	Hit the Price	Total Business Price	Open interest	Volume
DJT	FORGET	ONLY	PEACE	11/08/24	$7.65	$7.6	$7.6	$30.00	$374.6K	5.0K	2.6K
DJT	CALL	ONLY	BEARS	11/08/24	$9.25	$9.2	$9.25	$25.00	$136.9K	1.0K	766
DJT	CALL	ONLY	PEACE	01/16/26	$4.5	$4.45	$4.5	$100.00	$101.2K	2.2K	319
DJT	CALL	ONLY	THE SIDE	11/08/24	$4.95	$4.1	$4.59	$40.00	$98.4K	5.2K	204
DJT	CALL	ONLY	BEARS	11/08/24	$2.92	$2.9	$2.9	$50.00	$80.0K	7.3K	4.7K

About Trump Media & Technology

Trump Media & Technology Group Corp is a media and technology company specializing in social media, digital streaming, information technology tools, and more. Its first product launch will focus on its social media platform, Public Truth, which promotes open, free, and honest global communication without discriminating political opinions.

Given the recent election history for Trump Media & Technology, it is now appropriate to focus on the company itself. We intend to review its current performance.

Current Status of Trump Media & Technology

• With a trading volume of 33,213,112, the price of DJT decreased by -1.86%, reaching $29.99.
• The current RSI readings indicate that the stock may be approaching an overtrend.
• The next earnings report is scheduled for 11 days from now.

The Performance of Unconventional Options Seen: Smart Money on the Move

Benzinga Edge’s Unusual Options board provides potential market movers before they happen. See what the most profitable positions are in your favorite stocks. Click here to find out.

Option trading presents high risks and potential rewards. Smart traders manage these risks by continuously learning, changing their strategies, monitoring multiple indicators, and closely monitoring market movements. Stay up-to-date on the latest Trump Media & Technology picks with real-time alerts from Benzinga Pro.