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CNBC
Someone on Wall Street thinks SpaceX could triple this week
Recent data reveals that substantial call option purchases for SpaceX stock indicate trader expectations for significant volatility. Strategists interpret this as a hedge against short positions. The likelihood of a stock price increase aligns with imminent earnings, which could prompt a reaction from investors. With the stock priced to reflect a significant anticipated movement, market reactions could be heightened as insider lockup periods end shortly after earnings.
MonitorConfidence: MediumShort term horizon
Published 4 Aug 2026, 17:55 UTC2 min read
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Summary
TL;DR
- 90,000 call options were purchased totaling about $2.2 million.
- Options trading suggests a potential spike in SpaceX stock volatility.
- Current implied volatility of SpaceX is around 133, one of the highest in the S&P 500.
- Earnings report expected to drive significant stock movement.
- Strategists highlight that a price movement around $215 could be profitable.
Interesting facts
- The volume of options purchased is unusually high for standard stock trading, indicating a unique position taken on SpaceX.
- SpaceX's market capitalization stands at $1.5 trillion, making it a significant player in the market.