economy
Veteran traders stunned as SpaceX fans bet on 80% overnight gains: 'I've never seen anything like it'
Believers in Elon Musk's astronomic vision for SpaceX are storming options.
TL;DR
- SpaceX options trading volume is immense, surpassing $1.4 billion in premium.
- By contract volume, SpaceX options are neck-in-neck with Nvidia, behind only Tesla.
- By dollar amount, SpaceX options trading exceeds that of Nvidia and major ETFs like QQQ.
- There is a strong bullish sentiment, with calls significantly outnumbering puts.
- Traders are making large bets on substantial stock price increases, including 80% gains in less than 48 hours.
- Seasoned traders express astonishment at the volume and nature of these trades.