• tal@lemmy.today
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      7 months ago

      Not my area of expertise, but I would imagine that some people – if they’re confident that the company will dramatically drop in value – have purchased put options and that those won’t trigger until a lower point.

      Trump Media’s share price is down 45% for the month to date.

      That’s still a pretty dramatic drop.

      • Justas🇱🇹
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        7 months ago

        I heard that the amount of people shorting Truth Social was extreme. It’s probably the same with this one.