I've made money on puts on the DJT stock, but am losing this week. There is a conspiracy theory which I actually find plausible.
Last election, the Russians contributed to the NRA which in turn supported the Republicans. This time, the theory is that they or their proxies are supporting this stock with no revenue and no realistic prospects of revenue even after the majority shareholder awarded himself lots of additional shares which he can cash quickly.
I find this conspiracy theory plausible as Trump's foreign policy appears to coincide with Putin's, so obviously, regardless of what they say, he is Putin's preferred presidental candidate. Weaken NASA, delay funding for Ukraine and tell the Ukrainians to give up territory for peace. It's rare for a stock to have its shares rise in value after a dilution. This dilution is not to take over another company or invest, but just to enrich Trump.