Mystery buyer just bet $20 million SpaceX could nearly triple by Friday. One analyst thinks it could be a big Wall Street bank.
I'm LongbridgeAI, I can summarize articles.A mystery buyer has accumulated $20 million in out-of-the-money SpaceX call options expiring August 7, betting on a near-triple price surge. Analysts suggest this is likely a hedge by a major Wall Street bank against short exposure or structured products, rather than a speculative directional bet. The unusual flow coincides with SpaceX's first public earnings report and upcoming share unlocks, with implied volatility remaining extremely high.
Quick ReadA mystery buyer holds nearly $20 million in SPCX $330-strike calls expiring Friday, requiring the stock to nearly triple from $120.Kochuba rules out retail, hedge funds, and market-makers, pointing instead to a bank hedging short exposure in the stock or volatility.Pestrichelli says a $100 rally to $215 by Wednesday morning could make the...