American Company Bets Against Trump Media Day Before the Assassination Attempt – Coincidence?

Following the attempted assassination of Donald Trump, shares of Trump Media (DJT) surged approximately 70% in premarket trading on the first trading day following the incident.

Interestingly, the incident was preceded by significant DJT-related stock market activity.

Austin Private Wealth, LLC, a Texas-based financial planning firm, purchased put options on 12 million shares of DJT just one day before the attack.

The move by Austin Private Wealth is notable for its timing and scale. It is the largest short position the company has ever taken, representing 6% of the total number of shares and more than 16% of DJT’s available shares.

READ MORE:

Insider Trading Scandal: Meme Coins Surge After Trump Assassination Attempt

This is significant even without taking the assassination into account, as it was initiated just days before the RNC, where his nomination was expected to boost DJT stock, especially given President Biden’s recent debate and interview performances.

The Republican National Committee (RNC) is the primary committee of the Republican Party of the United States.

Adding to the intrigue, Austin Private Wealth amended its filing on July 16, removing its put option on DJT. This amendment is rather odd and significant, as it is the only one the company has made.

According to the company’s statement, the put option filing for DJT, as well as their other recent trades, was erroneous because “a third-party provider applied a multiplier that increased the share count by 10,000 times for all option contracts, not just DJT.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.