In the lead-up to the 2024 U.S. Presidential Election, trading activity for Trump Media's stock, represented by the ticker $DJT, has seen significant fluctuations. Between Monday and Wednesday, $16.25 billion worth of $DJT was traded at an average price of $47.56. Notably, over 30,000 January $70 call options were sold as call implied volatility (IV) began to collapse. Additionally, there was a highly speculative out-of-the-money (OTM) call print with an IV of 219% on these contracts, indicating strong market interest. However, many weekly calls, particularly those at the $50 strike, have gone worthless, with over 120,000 contracts traded in the past week. The overall trend in options activity suggests bearish sentiment, as traders are engaging in significant call selling amidst elevated premiums.