Put Options on DJT on 6/17/2024

Trump Media & Technology Group Corp. (DJT) develops a social media platform known as Truth Social that offers social networking services in the United States.

The company was founded in 2021 and is based in Sarasota, Florida.

Trump Media & Technology Group Corp. operator of the Truth Social platform, yet another of President Donald J. Trump’s iconic American brands—on June 10, 2024, filed an amended registration statement on Form S-1 (the “Amended Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”) to register, for resale or initial issuance, certain shares of common stock and warrants of the Company following the consummation of the Company’s business combination with Digital World Acquisition Corp. on March 25, 2024 (the “Business Combination”).

We will be trading July 21st Put Options.

Last Trade: $37.05

Trading Range: $12.48 - $79.38

 

Trade

  • Buy 1 July $40.00 Put at $6.55
  • For a net debit of $6.55

Profit/Loss Analysis

  • Breakeven at $33.45
  • Maximum profit is unbounded
  • Maximum loss is ($655.00) at strike of $40.00

Closing Summary

  • Sold 1 July $40.00 Put at $16.50

Position closed on 6/20/2024 at price of $16.50 with a 151.91% gain in 3 days.

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