BlockBeats report: On May 22, Trump publicly liked Micron during a large rally in Suffern, New York, saying: "Big company Micron, boy, Micron is great."
According to market flow tracking account Capital Flow, on the afternoon of May 22, multiple traders collectively purchased deep out-of-the-money (OTM) call options on Micron, with strike prices ranging from $750 to $1,400, and expiration dates primarily set for January 15, 2027 (237 days until expiration) and July 17, 2026 (55 days until expiration).
Between noon and afternoon, at least nine large bullish call option purchases were made, with seven of them concentrated between 1:19 PM and 1:53 PM. The most aggressive trade was a contract with a strike price of $1,400 expiring in January 2027, costing a premium of $1.4136 million. For this trade to be profitable, Micron would need to rise nearly 90% from its current level of around $745 within less than eight months.
Trump has not made this type of move for the first time; in March this year, documents showed that Trump purchased Micron stock valued between $25,000 and $50,000 on March 25 (the disclosure form only requires reporting a value range), and the next day he praised Micron on Fox News. Subsequently, 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.