$SpaceX(SPCX.US) surged 50% in a row a few days ago, which indeed pushed sentiment to the extreme. Moreover, this Tuesday, SPCX just opened options trading, with 1.7 million contracts dumped in a single day, pushing the proportion of bearish puts up to 44%. Some smart institutions are obviously using options to lock in profits and conduct delta-neutral hedging at high levels, so a pullback is inevitable. However, Nasdaq100 is about to forcibly include SPCX, which has been heavily weighted, into the index within the next few days. This wave of passive fund siphoning effect will pound out an unbreakable iron bottom around $165-170. Hold the core positions tight.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
