Trump's DJT Stock Predicted To Struggle In Options Market, Tastytrade CEO Says, 'The Puts Are About Three Times More Expensive Than The Calls'
Portfolio Pulse from Benzinga Neuro
Tom Sosnoff, CEO of Tastytrade, predicts a challenging future for Trump Media And Technology Group's stock (NASDAQ:DJT), with significant downside potential. The options market reflects this sentiment, with puts being three times more expensive than calls, indicating a bearish outlook. This perspective is supported by 'Bond King' Bill Gross, who has taken a bearish stance on DJT stock, highlighting its overvaluation compared to tech giants like Nvidia and discussing its meme stock potential.
April 02, 2024 | 7:37 am
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Trump Media And Technology Group's stock (NASDAQ:DJT) is predicted to face significant downside potential, with puts being three times more expensive than calls, indicating a bearish market sentiment.
The significant cost disparity between puts and calls for DJT stock, as highlighted by Tom Sosnoff, indicates a bearish sentiment in the options market. This is further supported by Bill Gross's bearish stance and the overvaluation concerns compared to industry giants like Nvidia, suggesting a high risk of downside in the short term.
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