SPCX options trading data highlights investor losses as the stock fell sharply following its first week of public trading.
SpaceX (SPCX) options began trading last week amid a rising market, but the stock’s decline by Monday exposed early traders to losses. The options chain showed heavy positioning in calls, which lost value as SPCX dropped from its debut levels.
SPCX opened as a publicly traded stock with strong initial interest, but the reversal left many options buyers underwater. Prior to the drop, sentiment was bullish, with traders betting on continued gains following the IPO.
The shift in the options chain reflects broader market caution as investors reassess valuations after the initial surge.