According to BlockBeats, on May 25, Trump publicly praised Micron at a large rally in Suffern, New York on May 22, saying, "Big company Micron, boy, Micron is great."
According to Capital Flow, a market fund flow tracking account, on the afternoon of May 22, multiple traders bought Micron deep out-of-the-money (OTM) call options with strike prices ranging from $750 to $1,400 and expiration dates concentrated on January 15, 2027 (expiring in 237 days) and July 17, 2026 (expiring in 55 days).
From noon to afternoon that day, at least nine large call option buy orders appeared, with seven of them concentrated between 1:19 PM and 1:53 PM. The most aggressive order was for a contract with a strike price of $1,400 and an expiry date in January 2027, at a premium of $1,413,600. If this trade were to be profitable, Micron would need to rise nearly 90% from around $745 in less than eight months.
This is not the first time Trump has made a similar move. In March of this year, documents showed that Trump bought Micron stock worth $25,000-$50,000 (the disclosure form only required the value range) on March 25, and the next day he praised Micron to Fox News. The Trump Organization later explained that Trump's account was managed by a third-party financial institution and that he did not participate in specific investment decisions.
