After a 35% decline from its post-IPO high, SpaceX shares have rallied 7%, reaching their highest point since last Tuesday. This recovery comes amid speculation of a potential acquisition of a mobile carrier and renewed interest in satellite communications following a deal between Rocket Lab and Iridium Communications.
Options trading reflects a bullish outlook, with traders purchasing over four times as many call options as put options. Notably, a significant trade involved selling 150-strike puts while buying 160-strike calls, indicating confidence in further price increases.
Despite some speculative trades, such as the 300-strike call that requires a near doubling of the stock price, analysts like Charles Moon from Prosper Trading Academy suggest that the market may not support such extreme movements. Overall, the current options activity and price recovery suggest a positive sentiment among investors regarding SpaceX's future performance