Commentary: I made a Trump trade so you don’t have to

Published On Nov 1, 2024, 6:00 AM

In this commentary, Rick Newman discusses his decision to invest in Trump Media and Technology Group (DJT) through options trading ahead of the upcoming presidential election. He highlights the volatility in DJT's stock and the uncertainty surrounding Donald Trump's potential victory. Newman believes the stock is currently overvalued and has purchased a put option, betting the stock will fall below $25 before it expires on November 15. He cites the mixed polling data showing Trump and Kamala Harris are nearly tied and expresses skepticism about traders' optimistic outlook on Trump's chances.

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Negative

Newman predicts DJT is overvalued and could decline, indicating that the market's optimistic perspective on Trump's chances of winning may not align with reality.

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