SpaceX options have officially begun trading, quickly becoming the third-most traded single stock options, following Tesla and Nvidia. In the first 30 minutes, over 300,000 options contracts were traded, with a notable preference for call options, indicating bullish sentiment among investors. The total premium traded exceeded $400 million, with more than $300 million linked to calls.
The most actively traded contract was the 220-strike call, reflecting a recent 16% price increase in SpaceX shares. Tom Sosnoff, a prominent figure in options trading, predicts that as liquidity improves, SpaceX options could surpass those of Tesla and Nvidia, benefiting both the market and retail investors.
However, he advises caution, suggesting that initial pricing may be inflated and markets could be inefficient for the first few days. The implied volatility for SpaceX options stands at 135, indicating high expectations for future price movements