SpaceX Options Surge: 5.4M Calls, 3.9M Puts Exchanged in Two Weeks
SPCX•Options traders exchanged more than 5.4 million calls and 3.9 million puts over the past two weeks, concentrating on weekly 6/26 150-strike puts and 160-strike calls. The stock peaked at $225.64, dipped to $147.11, while analysts split buy and hold with a 12-month consensus target of $239.25, implying 48.1% upside.
1. Surge in Options Volume
Over the past two weeks, SpaceX saw record options activity with more than 5.4 million calls and 3.9 million puts traded. The most active contracts were the weekly 6/26 150-strike puts and 160-strike calls, signaling divergent sentiment on near-term price moves.
2. Post-IPO Price Action
Since its June 17 market debut, the stock rallied to an intraday high of $225.64 before retracing to a low of $147.11 on June 23. This 35% swing underscores elevated volatility in the early trading period.
3. Analyst Ratings and Price Target
Analyst sentiment is evenly split, with five recommendations at strong buy and five at hold alongside one sell rating. The 12-month consensus price target sits at $239.25, implying a 48.1% premium to current levels.
