SpaceX Options Top 300,000 Contracts and $400 Million in 30 Minutes
Updated
Updated · CNBC · Jun 16
SpaceX Options Top 300,000 Contracts and $400 Million in 30 Minutes
3 articles · Updated · CNBC · Jun 16
Summary
More than 300,000 SpaceX options changed hands within 30 minutes of their debut, making them the third-most traded single-stock options behind Tesla and Nvidia.
Over $400 million in premium traded in that span, with more than $300 million tied to calls; calls bought outnumbered puts by more than 2-to-1.
The busiest contract was the 220-strike call expiring Thursday after SpaceX shares rallied 16%, while 210-strike in-the-money calls drew more than $22 million in premium.
Implied volatility stood at 135, and TastyTrade founder Tom Sosnoff said early pricing was likely rich with wide markets, urging traders to wait a day or two for liquidity to settle.
Sosnoff said SpaceX could eventually surpass Tesla and Nvidia in options volume once high-frequency firms reach a volatility consensus and trading becomes more efficient.
Is SpaceX's trillion-dollar valuation a visionary bet on the future or the market's most dangerous bubble?
Are index funds' forced purchases setting up retail investors for a massive fall in SpaceX stock?
With Musk controlling both, is a SpaceX-Tesla merger inevitable and how would it reshape technology?
SpaceX’s Historic $2 Trillion IPO and Options Debut: Market Volatility, Regulatory Scrutiny, and Investor Strategies
Overview
On June 16, 2026, options on SpaceX shares began trading and immediately saw heavy volume, marking a major event in the financial markets. This surge was driven by intense speculative interest, with many traders expecting SpaceX options to quickly become some of the most actively traded contracts, similar to the popularity of Tesla options. The excitement was fueled by speculation about a potential gamma squeeze, making some investors feel like they were 'playing the SpaceX lottery.' This debut reflects a broader trend of exceptional activity in the options market throughout 2026, highlighting both the opportunities and risks for investors.