BlockBeats News, May 25th. On May 22nd, former President Trump publicly praised Micron at a large gathering in Suffern, New York, saying, "Big company Micron, boy, Micron is great."

According to market capital flow tracking account Capital Flow, on the afternoon of May 22nd, multiple traders heavily bought Micron deep out-of-the-money (OTM) call options with strike prices ranging from $750 to $1400, with expiration dates concentrated on January 15, 2027 (237 days to expiration) and July 17, 2026 (55 days to expiration).

Between noon and afternoon that day, there were at least 9 large bullish options orders, with 7 of them heavily clustered between 1:19 and 1:53 pm. The most aggressive one was a contract with a strike price of $1400, expiring in January 2027, with a premium of $1.4136 million. For this trade to be profitable, Micron would need to rise nearly 90% from around $745 in less than 8 months.

This is not the first time Trump has made a similar move. In March this year, documents show that Trump purchased between $25,000 and $50,000 worth of Micron stock on March 25th. The next day, he praised Micron on Fox News. Trump's group later explained that his account is managed by a third-party financial institution, and he is not involved in specific investment decisions.