My Trump trade went bust — with a consolation prize

Published On Nov 18, 2024, 3:04 PM

In the article, Rick Newman recounts his experience with investing related to Donald Trump, particularly through options trading in Trump Media & Technology Group (DJT). He initially bought a put option on DJT, expecting the stock to drop due to concerns over its high valuation given its limited revenue. Despite Trump's victory in the 2024 election stabilizing the stock initially, DJT's price did not rise as expected and ended up falling, leading to a loss for Newman. While his bet on DJT failed, he offset his losses with gains in cryptocurrency investments, influenced by Trump's pro-crypto policies post-election.

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Stock Forecasts

DJTView DJT chart on TradingView

Negative

DJT stock showed initial volatility after Trump's win with a brief uptick; however, it has since fallen back, indicating investor skepticism regarding its future profitability, particularly as a social media platform with low revenues. The stock's sensitivity to Trump’s political capital suggests ongoing fluctuations but a generally negative sentiment post-election.

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