Trump Media & Technology Group Corp. (DJT) saw its stock price decline by 2.37% to close at $40.03 on January 17, 2025, after opening at $41.80. The stock experienced a volatile session, reaching a high of $43.45 and a low of $39.57, with trading volume at 29,497,127 shares, approximately 82.76% of its average. The initial optimism in the morning, driven by anticipation of President-elect Donald Trump's inauguration, was overshadowed by bearish sentiment from significant investors. Reports indicated that deep-pocketed investors were engaging in substantial options trading, with a notable portion leaning bearish, suggesting potential downside risks.
The bearish sentiment was further fueled by unusual options activity, with 23 extraordinary options trades detected, including a mix of puts and calls. This activity indicates that investors are positioning for significant price movements, with some expecting a range between $25.00 and $110.00. Despite the speculative trading surrounding the inauguration, the company's financial struggles, including an operating loss of $143.4 million on $3.1 million in revenue, continue to weigh on investor sentiment.