Options Traders Bet Trump-Tied SPAC Can Double Again in Days | SPAC Feed

Options Traders Bet Trump-Tied SPAC Can Double Again in Days | SPAC Feed

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After Digital World Acquisition's wild surge Monday, some options traders are betting shares may double within days.

Options volume in the stock has soared in the past two sessions, with a record number of contracts having already changed hands this week. Meanwhile, shares of the SPAC — which is trying to take Donald 's social media firm public — rallied 88%, before paring some of the gains Tuesday.

Shares were trading this afternoon at $47.45 after falling off a new 52-week high of $50.50 earlier today. Read more.


Source: Options Traders Bet Trump-Tied SPAC Can Double Again in Days

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