Investors have taken a keen interest in former President Donald Trump’s Truth Social — but not in the way he might like.
With investors keying in on metrics that don’t add up on DJT, the stock ticker for Truth Social, many have decided to short the stock in a ploy to stuff their pockets with cash.
And it’s been working.
An analysis from the Associated Press places profits from short-sellers at about $200 million, not including the upfront premiums, which have been large due to the stock’s perceived overvaluation.
A few investors interviewed by the AP have bought “put” options, which are designed to pay out if investors can predict the price of a stock correctly.
For example, one buys a put option for an upfront premium on a stock for a “strike
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