Posted 4/12/2024, 10:11:34 AM
Trump Media Shares See Extreme Volatility After High-Profile Launch
- Shares of Trump Media have had a wild ride, rising to a $9B valuation before falling over 50% from their debut price
- Fluctuations have significantly impacted Trump's net worth and billionaire status
- The stock has attracted lots of interest from short sellers looking to profit from price drops
- Trading activity in Trump Media's stock options remains very high due to divergent opinions on future moves
- Implied volatility signals traders expect wild daily swings of around 10% in the near-term
