Posted on 07/18/2024 7:17:37 PM PDT by grundle
After an assassination attempt on former President Donald Trump, which sent shockwaves through the U.S. political landscape, Trump Media (NASDAQ: DJT) shares surged more than 60% in the early trading hour on Monday before retracing by 20% to the valuation of $36.89 at the latest close on July 16.
However, a fact bound to raise a few questions is that short positions against Truth Social stock doubled between July 1 and July 12, going from 7 to 15 million shares, in what was a record of shares shorted for DJT stock since its trading debut.
This surge indicates that individuals or large organizations anticipated a significant drop in the stock’s value by July 15, a scenario that would likely have materialized had President Trump died in Pennsylvania.
The potential need to cover the losses from short positions leading up to July 12 could have provided an additional boost in the price of DJT stock.
A pattern raises concerns that some individuals may have had foreknowledge of a plot against former President Trump’s life and sought to profit from the expected turmoil.
Short interest in DJT stock
Looking at the current level of DJT stock short-interest, it has subsided substantially. It fell to 11.27%, with 5,219,586 shares being shorted at an average coverage of less than one day.
This means that the stock is no longer experiencing high short interest, as it did last week. Previous occurrences of short interest before major events
A similar occurrence was observed on September 11, 2001, when substantial bets were placed against the stocks of major airlines, American Airlines (NASDAQ: AAL) and United Airlines (NASDAQ: UAL), the day before the attacks.
Subsequent investigations revealed that a single entity and an insider newsletter had tipped off investors, leading them to place fortuitous bets against the top two U.S. airlines, which suffered significant losses following the hijackings.
How about by having short female Secret Service agents hold him in place to allow a second head-shot ...
https://www.armstrongeconomics.com/world-news/corruption/trump-media-playing-games/
The Legend has something to say. He hasn’t been wrong in the 21 years I have followed him.
This is an alphabet classic move.
Just imagine how much Pelosi lost on her hedge position.
I don’t know whether it was an error but if you were forced to cover at a loss it sure was a mistake.
Strange things did happen here
No stranger would it be
If we met at midnight
In the hanging tree
Are you, are you
Coming to the tree
Where a dead man called out
For his love to flee?
Strange things did happen here
No stranger would it be
If we met at midnight
In the hanging tree
Notice she is ducking down allowing Trump to get hit. She doesn’t want to get shot! LOL
Far as I can tell that PUT cost 120 million.
Can’t they at least recruit WNBA or Amazon women?!
I believe that we have no idea how deep the corruption reaches in the deep state, shadow government. I pray the Lord will continue to protect him from the evil therein.
Or Schwartz Gyorgy:
Other than losing the alliteration In could go with that.
“Notice she is ducking down allowing Trump to get hit. She doesn’t want to get shot!”
She’s checking him for additional wounds.
Subsequent investigations revealed that a single entity and an insider newsletter had tipped off investors, leading them to place fortuitous bets against the top two U.S. airlines, which suffered significant losses following the hijackings.
Which entity? Which newsletter?
Be nice to got to ‘Vegas and get the same deal.
Make a bet on the Roulette wheel and cancel the bet if you lose.
2 weeks prior, the day after the debate...
the day they prolly decided to take Trump out...
massive volume on the stock.
8m is avg... 29m that day.
i have not found a financially literate article yet
what was the transaction? strike & exp. straight puts I assume, not a spread.. did it show up in open interest friday? what exchange did the trade go off on (or off-exchange?)
they say this was a clerk adding zeros. rumble is mentioned, but did other stocks, more boring ones not related in any way to this, have similar errors?
Is should be simple for a financial person to go back and review the trades to see if they were entered as described.
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