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Traders Put $3 Million on SpaceX Falling Into Earnings

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Breakdown

0:04SPCX· ticker

SPCX — earnings shift, options volatility

  • Earnings moved, shortdated options chain lit up
  • Earnings date moved to October 20th
  • Volume shifted to SPCX options
  • Volatility shifted to October 21st expiry
1:54SPCX· ticker

SPCX — put trades, volatility shifts

  • Three bearish put trades highlighted
  • October 23rd 135 put at 8% below stock
  • November 6th 135 put at 1% below stock
  • October 21st 146 put at the money
3:45SPCX· ticker

SPCX — earnings expectations, volatility

  • Earnings expected near 14 cents, up from 9 cents
  • Volatility north of 120 in October 21st expiry
  • Evercore raised target to 275
  • Pivotal moved to 230
5:38SPCX· ticker

SPCX — earnings reaction, merger speculation

  • Potential SpaceX-Tesla merger speculation
  • Reports on back-to-back days
  • No calendar gap for merger announcement
  • Sample size one, no statistical inference
7:18META· ticker

Meta — large premium trade

  • Meta had a $30 million premium trade
  • Trading volumes in SpaceX were large
  • Next video on Meta

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