7/1/24 - $djt - meme move incoming on biden out?

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7/1/24 :: VROCKSTAR :: DJT

- valuation makes no sense, you know, i know, he knows, everyone knows
- but i've commented on a bunch of these memes/ catalysts lately
- if biden is going to drop out, sooner is advantageous for his party esp after last week
- sources reporting this could be case, just preparing presser?
- benefits the DJT pump?
- OTM calls expensive, but ATM not awful $2.25 for the 7/5 23C given potential imminent catalyst (early this week?)
- downside probably 50% given the high IV if this doesn't happen in the next day or so
- upside should be a several bagger - 2x minimally, which would indicate it's a +ve NPV trade
- literally bot one contract to play the meme
- just flagging in case anyone else has similar or ideally totally diff POV
- slow earnings week ha

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