On June 17, SpaceX rose 3.99% in regular trading, trading at $205.63/share, with turnover of $5.921 billion. The surge was driven by the formal launch of SpaceX stock options on Cboe Global Markets, which unleashed a wave of speculative and institutional demand.
On the first day of options trading, call option volume approached one million contracts, ranking fifth among all U.S. equity options and rivaling perennial leaders such as NVIDIA and Tesla. Total options volume exceeded 1.72 million contracts, setting a new record for IPO options debut activity. Notable bullish bets included purchases of 1,500 contracts at a $300 strike and 6,500 contracts at a $325 strike for July expiration, signaling expectations of further significant upside.
The options launch amplified buying pressure on an already supply-constrained stock. SpaceX IPO shares represent only approximately 4.2%-4.9% of total outstanding shares, creating extreme scarcity. Market participants noted potential gamma squeeze dynamics, where market makers hedge call option exposure by purchasing underlying shares, further propelling the stock higher. SpaceX daily trading value reached $61 billion, ranking first among U.S. large-cap stocks, as its market capitalization briefly surpassed Microsoft during intraday trading.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
