Options Watch (June 16/26)
Options market review/forecast for June 17-26
So SpaceX has finally arrived and today we saw options contracts hit the market, racking up the highest volume of options trading on the first trading day of any stock in history.
Its clear everyone’s eyes are on this stock so we’ll break down what is going on in the SpaceX options chain but also examine some of our favorite names in the broader market and we’ll give you exactly what we are eyeing ourselves.
SpaceX - SPCX 0.00%↑
So first up the big name on the market this week. Options trading just began for SpaceX today and we can already see some pretty incredible things going on so let me break it down for you. First off what is the overall sentiment around this company according to the options market? Short answer: VERY BULLISH!
We saw a call-to-put ratio of 1.4 on this first day which implies a strong bullish sentiment behind the company as the market is very clearly expecting a upward trend in SpaceX. The majority of the volume of calls/puts traded expire July 17 (1 Month till Expiration) with these investors hoping to capitalize on this very volatile stock.
The most popular call strike price is $260 with a volume of 38,677 contracts traded and the most popular put strike price is $135 with a volume of 13,158. So as you can tell the market is expecting HUGE moves in the stock given how wide these strike prices are.
