Investors Spike Tesla Put Activity Ahead of SpaceX’s Record-Breaking IPO
TSLA•Tesla put option volume surged as investors position for rotation ahead of SpaceX’s record-breaking IPO debut scheduled this Friday. Despite long-term outperformance and abandoned short interest, traders are betting on a near-term Tesla pullback to lock in gains ahead of the landmark offering.
1. Surge in Put Option Activity
Traders have ramped up purchases of Tesla put options as SpaceX’s IPO approaches, anticipating rotation into the rocketmaker’s upcoming equity debut scheduled for this Friday. This shift reflects investors’ strategy to lock in gains from Tesla equities while accommodating one of the largest IPOs in history.
2. Tesla’s Fundamental Resilience
Despite the options market positioning, Tesla has demonstrated robust fundamentals since its market debut, with short sellers having exited positions after repeated profit surprises. The long-term bullish outlook contrasts with the near-term pullback bets being placed in derivatives markets.
