SpaceX Options Traders Bet on Significant Stock Decline, Pushing Puts to $100
SPCX is trading near its 52-week low of $147.11 (11% above the low).
Summary
Options traders are exhibiting strong bearish sentiment towards SpaceX stock, with a notable increase in put option activity. The put-to-call ratio has jumped, and actively traded contracts include puts at $120 and $100, significantly below the current stock price of approximately $162. This shift in market positioning follows the company's recent IPO on June 12th, which saw shares surge and market capitalization briefly reach nearly $3 trillion. The increased bearish options activity suggests traders are anticipating a material correction after the stock's rapid post-IPO ascent.
At the time of this announcement, SPCX was trading at $163.31 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.2T. The 52-week trading range was $147.11 to $225.64. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.