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Someone shorted over 300 million dollars of Truth Social stock a day before the assassination attempt. Just like the big short on United Airlines stock before 9/11.
One non-assassination-related explanation could be that someone got an inside tip… of Musk announcing he’s going all in for Trump (ie 45 million donated per month) and took it as indication of a quid-pro-quo deal where Trump returns to Twitter, which would of course kill Truth Social instantly.
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Do you have the source on that?
Was it one guy? Could it have just been market making activity. I guarantee things like gme get billions a day in short sales when they are memeing. I shorted gme a few times lately. Trump stock is a meme stock and there are going to be guys doing all sorts of things.
If it’s one guy shorted $300 million it would be interesting. Because without a specific catalyst it’s a meme stock and you can lose 10-40x in a couple days.
A secondary catalyst why someone would short is Trump already had a soon to be announced stock offering in the company for 2.3 billion. Could have been front running that announcement if someone got tipped off.
It's being discussed a lot on twitter / x. Search for $djt short. I don't recognize the accounts posting about it and don't have the energy to verify anything right now.
https://x.com/ShadowofEzra/status/1813776823689326660
https://x.com/JHartley2/status/1813355170610266399
https://x.com/JohnnyTabacco/status/1813199373154586889
https://x.com/DiedSuddenly_/status/1813478521676738756
https://x.com/MMATNEWS/status/1813708636687831351
Some of those tweets are very bad. The one person talked about Blackrock and Vanguard ownership in the firm. From what I can tell they are quoting that that firm owns shares in etfs by Blackrock and Vanguard. Which is a nothing burger.
I can’t verify the RIA that supposedly had a big short. It feels off too. 13-F I can find online don’t have show it and was last updated end of June.
Cites I can find on google are not showing the same data on the short increase.
https://fintel.io/ss/us/djt#
And fwiw as I said before there was insider information that would encourage short sales. Trump worked out a deal to sell 2 billion worth of stock.
Edit: seems like firm in question gave an update that a client owned 12 puts and this was a data entry error.
Here's the message-.
That's one funny data entry error. I'd say it's even hilarious. And to someone from a country which isn't as blessedly innocent as the United States of America, it seems like an absolute crock of shit. What are the odds?
For the record, here are the photos of a Bloomberg terminal showing the original (mistaken :D) trade and then it being gone.
/images/17213139248603518.webp
This is a bad look for right twitter. If the guys smart enough to understand a Bloomberg then he’s also smart enough to understand there is no relationship with blackrock other than blackrock making 10 bps on some etfs they put in client accounts. They are actually saying that BlackRock owns this firm.
This is a bad thing when people are willfully lying to people. Especially when you have a lot of real things to fill up your twitter influencer accounts. This makes the right look grade school intelligence.
Yes, 'right twitter' is every random guy even if his bio gives zero indication of being right wing. List of the followers on that guy is absolutely not 'right twitter' either, it's 3 guys who are RW and the rest are various randos.
Most of the comments on twitter on the stocks issue are braindead and notice how I referenced not a single one except the guy who posted the terminal who isn't that bad.
It looks like though the date on the original filing was 6/30.
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If thats true, that person just lost a ton of money. Djt shot up the day after the failed attempt.
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