Wasn't the lockup supposed to break SpaceX? Short interest sat above 25% into the event, nearly a billion shares came free to trade, and the crowd leaned in for a drop. Instead the stock rose on unlock day and kept going the next session. On Signal vs Noise we walk roughly $11 million in SpaceX call premium, and why the flow tells a bigger story than a one-week squeeze. The tell is in the timing. An expensive weekly call went up first, but as shares hit their all-time low, buyers reached further out into October and December at some of the cheapest volatility on the board, positioning for the market to reprice SpaceX over weeks and months, not hours. Tesla got a matching wave of call buying as sympathy spillover. The signal is the overhang clearing. The noise is whether Tesla is just riding the coattails. All views are the show's and this is not a recommendation. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newslet...