SpaceX Stock Options Trading Surging, Emerging as One of the Hottest Stocks for Options Trading

BlockBeats News, June 16th, according to Bloomberg, SpaceX (SPCX.O) options became one of the most actively traded instruments in the U.S. market on Tuesday, driving the company to surge 17% in early trading on its third day of trading.

As of 10:35 a.m. New York time, the trading volume of SpaceX options has exceeded 600,000 contracts, making it the third-largest options trading target for any U.S. company. Chris Murphy, Co-Head of Derivatives Strategy at Susquehanna International, said, "Option volatility is significantly skewed to the upside, with investors willing to pay a higher price to participate in a further short squeeze after the company's IPO."

According to Murphy's data, a key indicator of option demand, implied volatility, opened at a high level, with the three-month implied volatility reaching around 110% to 115% in early trading. The most actively traded options contract is a call option expiring on Thursday with a strike price of $220, with a trading volume of 25,000 contracts, equivalent to 2.5 million shares of stock.

Jake Taylor, Head of U.S. Single Stock Options at Optiver, said, "Given the unusually high investor interest, we expect both institutional and retail investors to actively participate, and market trading activity and volatility will remain high as the market is still forming its valuation and outlook for the company."