Yongping Duan Bets on SpaceX for About 20 Days, Realizing a Gain of Over $5.4 Million

BlockBeats News, August 15th. According to public information on the Snowball platform, Duan Yongping recently participated in SpaceX (SPCX) through two transactions involving options and common stock. On July 24th, he sold 1000 SPCX 2026 December 18th expiration, $115 strike price Puts at a price of approximately $23.26, corresponding to a premium of about $2.326 million.

Subsequently, on August 5th, Duan Yongping bought 100,000 shares of SPCX at an average cost of around $108.68. Based on SpaceX's latest closing price of $140, the unrealized gain on this common stock holding is approximately $3.132 million.

Looking at the two transactions together, Duan Yongping has achieved a paper gain of approximately $5.458 million from this round of SpaceX operations in about 20 days. However, it is important to note that although the premium from selling the Put has already been received, the corresponding option has not yet expired. If SPCX falls below $115 in the future and is exercised, he will still be obligated to purchase the shares at the strike price.

SPCX has experienced recent significant volatility. After its IPO in June, the stock once surged to above $200 and then retreated to around $105. As August began, with the impact of the initial lock-up expiration weaker than expected and a restoration of market risk appetite, the price rebounded to around $140. Duan Yongping's actions in this round of operations have thus evolved from "selling Puts to collect premiums" to a staged high-probability trading strategy.