SpaceX closed at 150.86 USD, up 1.09%.

Despite the modest daily gain, large options activity leaned firmly defensive. A single block of 1,009 contracts traded as an out-of-the-money put purchase worth $43,400 on the $130.00 strike expiring October 16, 2026. This bearish wager dominated the large-trade tape, while broader block flow also favored downside structures over upside participation. The positioning indicates traders are seeking protection or speculating on weakness rather than chasing further upside in SpaceXX.

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Options Indicators

SpaceX currently has an implied volatility of 50.19%, and with an IV percentile of 65.40%, its options sit in a neutral volatility range rather than an extreme high or low. The IV/HV ratio of 1.11 indicates implied volatility is running modestly above realized volatility, suggesting the market is pricing in somewhat richer forward expectations, but not to a level that would make options clearly expensive. Overall, SpaceX’s options appear fairly priced to slightly rich. The Call/Put volume ratio is 1.63.

Large Trades

A PUT buy worth $43,400 targeted the October 16, 2026 $130.00 strike, with 1,009 contracts purchased. With SPCX referenced at $150.86, this put was out of the money, making it a bearish downside wager that would benefit from a meaningful decline over the coming year. As a single-leg put purchase, it signals willingness to pay premium for downside exposure rather than income generation, which points to protective or speculative bearish positioning.

Overall, the large-trade flow in SPCX was clearly bearish. The featured trade was an outright out-of-the-money put purchase expressing downside expectations, and the broader block activity also leaned to downside structures rather than upside participation. Taken together, the figures suggest traders were positioning for weakness or seeking protection against a lower move in SPCX rather than preparing for a bullish breakout.

Strategy Reference

For traders wary of posting large margin on a standalone short put, a bear put spread using the October 16, 2026 expiration—such as buying the $130.00 put and selling a lower strike like $100.00—limits risk while maintaining downside exposure; alternatively, sellers seeking low assignment probability could consider strikes well below the $130.00 level, though the current block flow suggests caution toward aggressive premium selling.