According to CNBC, #SpaceX SpaceX has experienced a significant pullback since reaching its June peak of $225.64, erasing more than $1.2 trillion in market value. The stock declined over 1% on Monday, closing at $113.50, and has fallen in 13 of the past 16 trading sessions, reflecting continued selling pressure.
Despite the recent weakness, options activity suggests investors remain actively positioned ahead of key catalysts. On Monday, traders purchased approximately 106,000 call contracts and 77,000 put contracts, with nearly $442 million in options premium concentrated primarily in puts. The most actively traded contract was the 330-strike call expiring this Friday.
Notably, four of the five largest options trades by premium were neutral to bullish. These included two sizable put-spread sales, as well as a strategy that generated approximately $1.8 million in premium by selling 5,200 October 16 $100 puts while buying 7,000 October 16 $85 puts.
Investor attention is now focused on SpaceX's first earnings report since its initial public offering. Following the report, eligible shareholders will be permitted to sell up to 20% of their locked-up shares, representing as many as 911.5 million shares, beginning
Charles Moon of Prosper Trading Academy noted that the company remains in the early stages of its public market journey. He added that broader weakness across AI-related stocks has been driven by investor concerns over capital expenditures, while suggesting that the upcoming SpaceX lock-up expiration may have a less severe market impact than many investors currently anticipate.
Despite the recent weakness, options activity suggests investors remain actively positioned ahead of key catalysts. On Monday, traders purchased approximately 106,000 call contracts and 77,000 put contracts, with nearly $442 million in options premium concentrated primarily in puts. The most actively traded contract was the 330-strike call expiring this Friday.
Notably, four of the five largest options trades by premium were neutral to bullish. These included two sizable put-spread sales, as well as a strategy that generated approximately $1.8 million in premium by selling 5,200 October 16 $100 puts while buying 7,000 October 16 $85 puts.
Investor attention is now focused on SpaceX's first earnings report since its initial public offering. Following the report, eligible shareholders will be permitted to sell up to 20% of their locked-up shares, representing as many as 911.5 million shares, beginning
Charles Moon of Prosper Trading Academy noted that the company remains in the early stages of its public market journey. He added that broader weakness across AI-related stocks has been driven by investor concerns over capital expenditures, while suggesting that the upcoming SpaceX lock-up expiration may have a less severe market impact than many investors currently anticipate.