Trump publicly endorses Micron, suspected of insider trading by aggressively buying call options, the "White House stock genius" is using the old tricks again

BlockBeats News, May 25: On May 22, former President Trump publicly “liked” Micron at a large rally in Suffern, New York, saying: “Big company Micron, boy, Micron is great.”

According to the market capital flow tracking account Capital Flow, on the afternoon of May 22, multiple traders concentrated on buying deep out-of-the-money (OTM) call options on Micron. The strike prices covered $750 to $1,400, with the expiration dates clustered on January 15, 2027 (237 days to expiration) and July 17, 2026 (55 days to expiration).

From noon to the afternoon of that day, at least 9 large call option buy orders appeared, 7 of which were densely clustered between 1:19 PM and 1:53 PM. The most aggressive order was a contract with a strike price of $1,400 expiring in January 2027, with a premium of $1.4136 million. If that trade were to be profitable, Micron would need to rise nearly 90% from around $745 in less than 8 months.

Trump has done something similar more than once. Earlier this year, in March, documents showed that on March 25, Trump bought Micron stock valued between $25,000 and $50,000 (the disclosure form itself only requires filling in a value range). The next day, he praised Micron on Fox News. After that, the Trump Organization explained that Trump’s account is managed by a third-party financial institution, and he does not participate in specific investment decisions himself.