Trump Publicly Praises Micron, Speculation of Aggressive Call Option Purchases

05/25 09:55

On May 25, Trump publicly praised Micron at a large rally in Suffern, New York on May 22, stating, "Big company Micron, boy, Micron is great." According to market fund flow tracking account Capital Flow, on the afternoon of May 22, several traders concentrated on buying deep out-of-the-money (OTM) call options for Micron, with strike prices ranging from $750 to $1400, and expiration dates focused on January 15, 2027 (237 days to expiration) and July 17, 2026 (55 days to expiration). On that day, there were at least nine large call option buy orders between noon and afternoon, with seven of them concentrated between 1:19 PM and 1:53 PM. The most aggressive order was for 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 within less than eight months. This is not the first time Trump has engaged in similar actions; in March, documents revealed that Trump purchased between $25,000 and $50,000 worth of Micron stock on March 25, and the next day he praised Micron on Fox News. Subsequently, the Trump Organization explained that Trump's account is managed by a third-party financial institution, and he does not participate in specific investment decisions.

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