$DJT Surges 21% in Gamma Squeeze Ahead of Trump's Inauguration

Jan 13, 2025, 06:06 PM

Shares of Trump Media & Technology Group, trading under the ticker $DJT, surged more than 14% in midday trading on Monday, ahead of President-elect Donald Trump's inauguration on January 20. The stock reached a high of 21% during the day, marking its best performance since November 18, when it surged following news of potential acquisition talks with cryptocurrency trading firm Bakkt. The increase in stock value has contributed to an estimated $596 million rise in Donald Trump's net worth. The rally in Trump Media's stock, which experienced a 15% rise, is attributed to heightened options market activity, with call volumes reaching their highest levels since the week of the US election, indicating significant speculative interest in the stock ahead of the inauguration. The surge has been described as a gamma squeeze, part of an inauguration run-up.