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

Mars Finance News reported that on May 25, Trump publicly “liked” Micron at a large rally in Suffern, New York on May 22, saying: “Big company Micron, boy, Micron is great.”

According to the market fund 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, with strike prices covering $750 to $1,400. The expiration dates were concentrated on January 15, 2027 (237 days to expiration) and July 17, 2026 (55 days to expiration). From noon to the afternoon that day, at least 9 large call option buy orders appeared, and 7 of them were concentrated between 1:19 PM and 1:53 PM. The most aggressive order was a contract with a $1,400 strike price expiring in January 2027, with a premium of $1.4136 million. If the trade were able to turn a profit, Micron would need to rise by nearly 90% from around $745 in less than 8 months.

Trump has made similar moves before. Earlier this year, in March, documents showed that on March 25, Trump bought Micron stock valued at $25,000–$50,000 (the disclosure form itself only required filling in the value range). The very next day, he praised Micron on Fox News. After that, the Trump Group explained that Trump’s account is managed by a third-party financial institution, and he himself is not involved in specific investment decision-making.