Trump Media Options Are So Costly Bill Gross Wants to Sell Them
- ‘Genius’ can be investor with ‘courage to sell’ options: Gross
- Cost to short DJT has skyrocketed to between 400% and 500%
Trump Media has become the latest way for speculators to use the stock market as a casino.
Photographer: Scott Olson/Getty ImagesThis article is for subscribers only.
Trading options tied to former president Donald Trump’s media company is attracting meme-stock traders and Wall Street professionals. Add to that list erstwhile “Bond King” Bill Gross.
The eye-popping costs to flip derivatives betting on Trump Media & Technology Group Corp. given expectations for more wild swings was called out by Gross in a post on X.