SpaceX options log 300,000 trades in 30 minutes on market debut
What's new: More than $400 million in premium changed hands early, with calls dominating after a 16% rally in the stock.
SpaceX options opened to heavy demand Tuesday, becoming the third-most traded single-stock options within the first 30 minutes of trading, behind only Tesla and Nvidia. More than 300,000 contracts changed hands early, with over $400 million in premium traded, according to data cited by CNBC. Calls led activity by volume and by dollars traded, with more than $300 million tied to bullish contracts. The busiest trade was the 220-strike call expiring Thursday, while 210-strike in-the-money calls also drew strong demand. Tom Sosnoff, founder of TastyTrade and Lossdog, said SpaceX options could eventually overtake Tesla and Nvidia once pricing and liquidity settle, though he cautioned that early spreads may be wide and implied volatility was 135.