A message board, a digital mine, where Shrewds gather, for fortune design.
- Manlobbi
Halls of Shrewd'm / US Policy
No. of Recommendations: 1
the premiums on the puts and calls are through the roof, the news
" 09:03 AM EDT, 04/19/2024 (MT Newswires) -- Trump Media & Technology(DJT) said Friday that it has sent a letter to Nasdaq Exchange complaining about short-selling of its stock.
The April 18 letter, addressed to Nasdaq's chief executive officer, Adena Friedman, and signed by Trump Media and Technology's(DJT) CEO Devin Nunes, alleged "market manipulation" of the social media company's stock by "naked" short sellers, a regulatory filing showed.
The letter alleged Citadel Securities, VIRTU Americas, G1 Execution Services, and Jane Street Capital were responsible for over 60% of the volume of DJT shares traded and urged Nasdaq to require brokers to disclose their short positions to prevent the "lending of shares that do not exist."
Shares of Trump Media & Technology(DJT) were up more than 9% in recent Friday premarket activity
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited."
No. of Recommendations: 4
You mean…lib hedgies like Black Rock would screw with a stock just so the Dems could make a political point?
Say it ain’t so! We all knowwwww the democrats are an honorable and above board group.
No. of Recommendations: 3
How many shares of DJT have you bought HC?
Or are you keeping your money with that "confused loyal member of progressives RUS," Warren Buffett?
TIA
No. of Recommendations: 2
With a beta of almost 6 the option premium should be HUGE. There was a lot of shorting when the stock was in the $50-$60 range, and with short covering here around $35 somebody is making lots of money. I would still value the stock somewhere around $15, so I wouldn't touch it yet. The only play I see would be buying some puts, but as mentioned above with the huge option premium that is unlikely to net much.
No. of Recommendations: 1
" The only play I see would be buying some puts, but as mentioned above with the huge option premium that is unlikely to net much."
Look at the put premiums bud, its nuts. DJT already screwed it up. They should have freed up 10 million shares in week two, 5 million trump 5 djt, by amending the original filing. The Teflon Don nets 200 mil or so, and the stock would still be 40 plus, with much volatility.
