Trump Publicly Praises Micron, Suspected of Insider Trading by Aggressively Buying Call Options, White House Stock God Plays Old Trick Again
BlockBeats News, May 25th. On May 22nd, former President Trump publicly praised Micron at a large gathering in Suffern, New York, saying, "Big company Micron, boy, Micron is great."
According to market capital flow tracking account Capital Flow, on the afternoon of May 22nd, multiple traders heavily bought Micron deep out-of-the-money (OTM) call options with strike prices ranging from $750 to $1400, with expiration dates concentrated on January 15, 2027 (237 days to expiration) and July 17, 2026 (55 days to expiration).
Between noon and afternoon that day, there were at least 9 large bullish options orders, with 7 of them heavily clustered between 1:19 and 1:53 pm. The most aggressive one was a contract with a strike price of $1400, expiring in January 2027, with a premium of $1.4136 million. For this trade to be profitable, Micron would need to rise nearly 90% from around $745 in less than 8 months.
This is not the first time Trump has made a similar move. In March this year, documents show that Trump purchased between $25,000 and $50,000 worth of Micron stock on March 25th. The next day, he praised Micron on Fox News. Trump's group later explained that his account is managed by a third-party financial institution, and he is not involved in specific investment decisions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
McEwen’s $55M Ontario asset sale fuels gold growth plans
US Stock Market Movement | US clinical-stage biopharmaceutical company Retension Pharmaceuticals (RTSN.US) debuts on the US stock market; shares fall over 10% after opening
As of press time, the stock has dropped more than 10%, trading at $10.77.
U.S. Stocks Move | Trex Bio (TRXB.US) Debuts on the U.S. Stock Market, Drops Over 1.3% After Opening
As of press time, the stock has fallen by over 1.3%, trading at $13.805.
BUZZ - Broker Perspectives: Analysts Express Doubts Over Starbucks and Chipotle Acquisition
Latest Update October 9 – The Financial Times reported on Thursday that Starbucks (SBUX.O) has explored a potential acquisition of Chipotle (CMG.N). This move would bring CEO Brian Niccol back to the Mexican burrito chain he once led. Starbucks declined to comment, saying the company remains "fully focused" on its business turnaround. Chipotle's stock fell about 4% to $31.32 on Friday, after surging 6.2% in the previous trading session. Limited strategic rationale BTIG expressed "high skepticism," stating that the deal does not make sense operationally, would cause significant dilution for Starbucks shareholders, and would disrupt management operations. "Over the years we've heard many stories about multi-brand acquisitions... but few have materialized, and even fewer have succeeded," BTIG noted. William Blair pointed out that Starbucks’ $9.4 billion net debt as of June makes it difficult to finance an acquisition and could push the combined company’s leverage ratio to about six times—considered high for the restaurant industry. D.A. Davidson stated the probability of the deal succeeding is 20% or less, given the significant differences between the brands and the apparent lack of clear synergies. Raymond James noted that due to the low overlap in menus, supply chain benefits are likely limited, while performance among multi-brand restaurant platforms has been mixed. eMarketer’s Suzy Davidkhanian commented that Niccol's familiarity may reduce execution risk, but investors might still see the deal as a "costly distraction" during Starbucks’ transformation. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Automated translation may be inaccurate or fail to include necessary context; Reuters does not guarantee the accuracy of automated translated text and provides it solely for readers’ convenience. Reuters accepts no responsibility for any damage or loss resulting from the use of automated translation functions.)
Crypto prices
More
