Moderately bullish activity in Trump Media (DJT), with shares up 52c, or 4.1%, near $13.09. Options volume running well above average with 76k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 0.37. Implied volatility (IV30) is higher by 5.1 points near 68.22,and below the 52wk median, suggesting an expected daily move of $0.56. Put-call skew steepened, indicating increased demand for downside protection.
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