The Dow Jones Industrial Average (DJI) is up more than 500 points midday, while the S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC) sit firmly higher as well. The market is continuing to enjoy tailwinds after President Trump delayed tariffs of 50% on the European Union (EU). Plus, consumer confidence made its largest jump in four years, up 12 points to 98 in May, much higher than analysts' estimated 86. 

Options traders are targeting Trump Media & Technology Group Corp (Nasdaq: DJT) today, after the company said it would raise $2.5 billion to buy Bitcoin (BTC). So far, DJT has seen 121,000 calls and 69,000 puts exchanged, which is already 14 times the overall volume it typically sees at this point in the day. The January 2027 5-strike put is the most popular, with new positions being bought to open there. At last glance, the equity was down 10.1% at $23.12. 

Retail stock VF Corp (NYSE: VFC) was last seen up 9.7% at $13.16 amid insider buying activity. C-suite members, including CEO Bracken Darrell, purchased over 185,000 shares. Year to date, the Vans parent is still down 38.7%. 

Temu parent PDD Holdings Inc (Nasdaqx: PDD) is down 15.3% at $101.04, after the e-commerce name announced a first-quarter revenue miss and sharp profit decline. The stock struggled with resistance at the $120 level and 320-day moving average prior to today's drop, but is still sporting a 3.7% year-to-date gain. 

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