As SpaceX prepares for its accelerated inclusion into the Nasdaq 100, options trading activity remains robust, with about half a million options traded, making it the fifth-most popular stock for options trading. The data from ThinkOrSwim indicates that over 300,000 calls were traded compared to less than 130,000 puts, showcasing a strong bullish sentiment among traders.
This inclusion is expected to give SpaceX a roughly 1% weighting in the Nasdaq 100, which could introduce some volatility due to the stock's historical price swings. However, Nasdaq's regulations on low float stocks may limit the overall impact of this volatility.
The implied volatility for SpaceX options stands at 92, significantly higher than that of the QQQ, suggesting that while long-term investors may stabilize the stock's volatility, the demand for options could remain high.
The recent price movements show shares slipping below $160 after a notable sell-off, with traders particularly interested in call options, including a popular 450-strike call that requires a substantial rally to be profitable. Overall, the dynamics of SpaceX's options trading and its Nasdaq inclusion will be closely watched by investors as they navigate potential risks and opportunities