SpaceX rose 7% Monday to its highest level since last Tuesday, rebounding further after a 35% slide from its post-IPO peak.
Bullish options positioning drove the move: traders bought more than four times as many calls as puts, and seven of the 10 most-active contracts were calls.
A notable trade sold about $450,000 of January 2027 $150 puts and bought the same number of $160 calls when the stock was near $155, signaling confidence in a longer recovery.
Speculation that SpaceX could buy a mobile carrier, along with Rocket Lab's deal with Iridium, revived enthusiasm for satellite communications even as total SpaceX options volume ran below recent averages.
Risk appetite also showed up in short-dated bets such as Thursday $300 calls, while Rocket Lab climbed 16% with options volume 50% above its 30-day average.