During a rally in Suffern, New York, on May 22, Trump praised Micron, calling it a "great" company. Following his remarks, traders made significant purchases of deep out-of-the-money call options on Micron, with strike prices ranging from $750 to $1,400. These options have expiration dates set for January 15, 2027, and July 17, 2026. Notably, nine large bullish call option trades were executed, with the most aggressive being a $1.4136 million contract with a $1,400 strike price expiring in January 2027.
This is not the first time Trump's comments have coincided with market activity involving Micron. In March, Trump reportedly bought Micron stock valued between $25,000 and $50,000 before publicly praising the company. The Trump Organization later clarified that Trump's investment account is managed by a third-party financial institution, and he does not make specific investment decisions.
Trump's Praise for Micron Spurs Aggressive Call Option Buying
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