SpaceX options trading just hit a milestone. Julia Spina ran a liquidity comparison and found bid-ask spreads on SpaceX 59-day at-the-money puts are already as tight as Oracle Coinbase and CRM. Eight trading days in. That is the fastest liquidity formation she has seen in a major IPO. The stock market loves a story and the options market is delivering one.
The volatility is the catch. SpaceX lost 25% in 5 days and the July 17th expiration saw open interest collapse from 20,000 to under 700. The Peloton curve is playing out faster than usual. Long term exposure may make sense for some. Short term trading requires careful sizing especially around lockup periods and Nasdaq inclusion ahead.
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Chapters
0:00 SpaceX options: the current state of trading
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