Trump Discloses Up to $25 Million Meta Stock Purchase

President Donald Trump purchased between $5 million and $25 million in Meta stock on August 21, CNBC reported on the wire, citing his August financial disclosure filing. The disclosure detailed 517 total transactions representing between $74 million and $273 million in volume. His largest equity commitment landed in Meta, alongside purchases of up to $5 million in SpaceX debt and sales between $1 million and $5 million across other holdings. The disclosure crosses the wires as large-cap technology equities face broad intraday pressure. S&P 500 futures trade down 0.32% at 7,828, while front-month Nasdaq-100 futures sit lower by 0.6% at 31,215. While headline disclosures outline positioning taken months ago, the immediate tape reflects an equity structure where dealers are no longer providing a shock-absorbing bid. QQQ spot sits at 753.81, parked directly under its 753.96 gamma flip. Below the flip, dealer positioning switches to short gamma. That structural change forces market makers to sell into weakness and buy into rallies to remain delta-hedged, accelerating underlying swings rather than dampening them. QQQ's immediate floor sits at the 750 put wall, with the call wall capping topside liquidity at 760 against an expected move of plus or minus 0.96%. SPY mirrors that defensive posture, printing 774.96 against its own gamma flip at 775.46. With the broader market pinned under zero gamma, dealer hedging obligations amplify intraday volatility. The put wall down at 767 marks the major structural boundary if selling expands beyond the flip. Disclosed executive filings detail capital allocation after the fact, but intraday flow remains governed by dealer hedging obligations around these local strikes.