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06-24
I bought SpaceX at 201 don't know what I need to do now
Option Focus | SPCX Sees $30 Million Deep ITM Put Block, Synthetic Long Fails to Offset Broadly Bearish Tone
Go to Tiger App to see more news
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bought SpaceX at 201 don't know what I need to do now ","listText":"I bought SpaceX at 201 don't know what I need to do now ","text":"I bought SpaceX at 201 don't know what I need to do now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/578608007296216","repostId":"1191560057","repostType":2,"repost":{"id":"1191560057","kind":"news","weMediaInfo":{"introduction":"Magic option strategies for extra income.","home_visible":1,"media_name":"Option Witch","id":"1016323842","head_image":"https://community-static.tradeup.com/news/7471350466f20d36ee3112d77c72cd89"},"pubTimestamp":1782285933,"share":"https://ttm.financial/m/news/1191560057?lang=en_US&edition=fundamental","pubTime":"2026-06-24 15:25","market":"us","language":"en","title":"Option Focus | SPCX Sees $30 Million Deep ITM Put Block, Synthetic Long Fails to Offset Broadly Bearish Tone","url":"https://stock-news.laohu8.com/highlight/detail?id=1191560057","media":"Option Witch","summary":"SPCX shares closed at $156.11 on Tuesday, up 0.98%, but activity in the options market painted a more cautious picture. A deep in-the-money put purchase worth more than $30 million stood out as the...","content":"<html><head></head><body><p style=\"text-align: left;\">SPCX shares closed at $156.11 on Tuesday, up 0.98%, but activity in the options market painted a more cautious picture. A deep in-the-money put purchase worth more than $30 million stood out as the session’s most notable trade, while a mix of bullish and bearish structures emerged across the tape. Overall, options flow suggested a defensive bias, with downside protection attracting the bulk of institutional capital.</p><h2 style=\"text-align: left;\">Options Metrics</h2><p style=\"text-align: left;\">SPCX's implied volatility (IV) stood at 94.07%, with its IV percentile reaching 98.58%, indicating that option premiums are trading near the upper end of their historical range and remain relatively expensive.</p><p style=\"text-align: left;\">The IV-to-historical volatility (HV) ratio was 0.50, highlighting a divergence between implied and realized volatility expectations. Meanwhile, the call-to-put volume ratio came in at 1.15.</p><h2 style=\"text-align: left;\">Block Trade Activity</h2><p style=\"text-align: left;\">The session’s most significant single-leg trade was a $30.43 million put purchase.</p><p style=\"text-align: left;\">The transaction involved buying 4,190 contracts of the July 17, 2026 $220 put. With SPCX trading at $156.11, the option was deeply in the money, suggesting a substantial commitment to downside protection or a bearish directional view.</p><p style=\"text-align: left;\"><strong><a class=\"teditor-mention\" data-mention-id=\"SPCX 20260717 220.0 PUT\" data-mention-name=\"SPCX\" href=\"https://laohu8.com/OPT/SPCX%2020260717%20220.0%20PUT\" target=\"_blank\" rel=\"noopener noreferrer\">$SPCX 20260717 220.0 PUT$</a></strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e9d8c9eb951998fb89b6735c1147f684\" data-align=\"center\" tg-width=\"1169\" tg-height=\"489\"/><span>Source: Tiger Trade App</span></p><p style=\"text-align: left;\">Given the long-dated maturity and deep intrinsic value of the contract, the position appears less consistent with short-term speculation and more indicative of medium- to long-term hedging activity or a conviction that the underlying could face sustained weakness. The trade represents one of the strongest bearish signals seen in the day’s options flow.</p><p style=\"text-align: left;\">Another notable transaction was a synthetic long position valued at approximately $9.62 million, representing the session’s most prominent bullish structure.</p><p style=\"text-align: left;\">The strategy consisted of selling the March 19, 2027 $140 put while simultaneously purchasing the March 19, 2027 $250 call. This classic synthetic long structure is designed to establish bullish exposure while improving capital efficiency.</p><p style=\"text-align: left;\"><strong><a class=\"teditor-mention\" data-mention-id=\"SPCX 20270319 140.0 PUT\" data-mention-name=\"SPCX\" href=\"https://laohu8.com/OPT/SPCX%2020270319%20140.0%20PUT\" target=\"_blank\" rel=\"noopener noreferrer\">$SPCX 20270319 140.0 PUT$</a> </strong></p><p style=\"text-align: left;\"><strong><a class=\"teditor-mention\" data-mention-id=\"SPCX 20270319 250.0 CALL\" data-mention-name=\"SPCX\" href=\"https://laohu8.com/OPT/SPCX%2020270319%20250.0%20CALL\" target=\"_blank\" rel=\"noopener noreferrer\">$SPCX 20270319 250.0 CALL$</a> </strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/96a8fe8036463ecef8f82e67275d864c\" data-align=\"center\" tg-width=\"1170\" tg-height=\"523\"/><span></span></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f4ca80043812a0550fe71cdffcb41b6e\" data-align=\"center\" tg-width=\"1169\" tg-height=\"503\"/><span>Source: Tiger Trade App</span></p><p style=\"text-align: left;\">Both legs were out of the money, indicating that the trader was not positioning for a modest near-term move but rather expressing confidence in longer-term upside potential. By selling the put, the investor accepts the obligation to buy shares at lower levels in exchange for enhanced participation in a potential rally.</p><p style=\"text-align: left;\">Such structures are typically associated with a constructive medium- to long-term outlook and reflect a willingness to assume downside assignment risk in pursuit of greater upside leverage.</p><h2 style=\"text-align: left;\">Market Sentiment</h2><p style=\"text-align: left;\">Taken as a whole, SPCX block-trade activity skewed decisively bearish.</p><p style=\"text-align: left;\">Bullish premium totaled approximately $23.20 million, compared with $60.31 million in bearish premium, leaving a net bearish imbalance of $37.11 million.</p><p style=\"text-align: left;\">While the tape included several constructive positions—including synthetic longs, bull put spreads, and multiple short-put trades that suggest some investors are selectively accumulating exposure or harvesting premium—the largest concentration of capital was directed toward long-put purchases and other defensive bearish structures.</p><p style=\"text-align: left;\">The imbalance suggests that institutional participants remain more focused on protecting against downside risks than positioning for further gains. As a result, overall sentiment in the options market remains cautious, defensive, and tilted toward a weaker outlook for the underlying.</p><h2 style=\"text-align: left;\">Strategy Watch</h2><p style=\"text-align: left;\">With implied volatility elevated and options flow signaling a bearish bias, premium-selling strategies may warrant consideration.</p><p style=\"text-align: left;\">Traders seeking to benefit from rich option premiums could look at selling deep out-of-the-money options with relatively low probabilities of expiring in the money. For those looking to limit margin requirements and define risk, spread-based approaches such as bull put spreads or bear call spreads may offer a more capital-efficient way to express directional views while maintaining controlled exposure.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Option Focus | SPCX Sees $30 Million Deep ITM Put Block, Synthetic Long Fails to Offset Broadly Bearish Tone</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOption Focus | SPCX Sees $30 Million Deep ITM Put Block, Synthetic Long Fails to Offset Broadly Bearish Tone\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1016323842\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/7471350466f20d36ee3112d77c72cd89);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Option Witch </p>\n<p class=\"h-time\">2026-06-24 15:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">SPCX shares closed at $156.11 on Tuesday, up 0.98%, but activity in the options market painted a more cautious picture. A deep in-the-money put purchase worth more than $30 million stood out as the session’s most notable trade, while a mix of bullish and bearish structures emerged across the tape. Overall, options flow suggested a defensive bias, with downside protection attracting the bulk of institutional capital.</p><h2 style=\"text-align: left;\">Options Metrics</h2><p style=\"text-align: left;\">SPCX's implied volatility (IV) stood at 94.07%, with its IV percentile reaching 98.58%, indicating that option premiums are trading near the upper end of their historical range and remain relatively expensive.</p><p style=\"text-align: left;\">The IV-to-historical volatility (HV) ratio was 0.50, highlighting a divergence between implied and realized volatility expectations. Meanwhile, the call-to-put volume ratio came in at 1.15.</p><h2 style=\"text-align: left;\">Block Trade Activity</h2><p style=\"text-align: left;\">The session’s most significant single-leg trade was a $30.43 million put purchase.</p><p style=\"text-align: left;\">The transaction involved buying 4,190 contracts of the July 17, 2026 $220 put. With SPCX trading at $156.11, the option was deeply in the money, suggesting a substantial commitment to downside protection or a bearish directional view.</p><p style=\"text-align: left;\"><strong><a class=\"teditor-mention\" data-mention-id=\"SPCX 20260717 220.0 PUT\" data-mention-name=\"SPCX\" href=\"https://laohu8.com/OPT/SPCX%2020260717%20220.0%20PUT\" target=\"_blank\" rel=\"noopener noreferrer\">$SPCX 20260717 220.0 PUT$</a></strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e9d8c9eb951998fb89b6735c1147f684\" data-align=\"center\" tg-width=\"1169\" tg-height=\"489\"/><span>Source: Tiger Trade App</span></p><p style=\"text-align: left;\">Given the long-dated maturity and deep intrinsic value of the contract, the position appears less consistent with short-term speculation and more indicative of medium- to long-term hedging activity or a conviction that the underlying could face sustained weakness. The trade represents one of the strongest bearish signals seen in the day’s options flow.</p><p style=\"text-align: left;\">Another notable transaction was a synthetic long position valued at approximately $9.62 million, representing the session’s most prominent bullish structure.</p><p style=\"text-align: left;\">The strategy consisted of selling the March 19, 2027 $140 put while simultaneously purchasing the March 19, 2027 $250 call. This classic synthetic long structure is designed to establish bullish exposure while improving capital efficiency.</p><p style=\"text-align: left;\"><strong><a class=\"teditor-mention\" data-mention-id=\"SPCX 20270319 140.0 PUT\" data-mention-name=\"SPCX\" href=\"https://laohu8.com/OPT/SPCX%2020270319%20140.0%20PUT\" target=\"_blank\" rel=\"noopener noreferrer\">$SPCX 20270319 140.0 PUT$</a> </strong></p><p style=\"text-align: left;\"><strong><a class=\"teditor-mention\" data-mention-id=\"SPCX 20270319 250.0 CALL\" data-mention-name=\"SPCX\" href=\"https://laohu8.com/OPT/SPCX%2020270319%20250.0%20CALL\" target=\"_blank\" rel=\"noopener noreferrer\">$SPCX 20270319 250.0 CALL$</a> </strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/96a8fe8036463ecef8f82e67275d864c\" data-align=\"center\" tg-width=\"1170\" tg-height=\"523\"/><span></span></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f4ca80043812a0550fe71cdffcb41b6e\" data-align=\"center\" tg-width=\"1169\" tg-height=\"503\"/><span>Source: Tiger Trade App</span></p><p style=\"text-align: left;\">Both legs were out of the money, indicating that the trader was not positioning for a modest near-term move but rather expressing confidence in longer-term upside potential. By selling the put, the investor accepts the obligation to buy shares at lower levels in exchange for enhanced participation in a potential rally.</p><p style=\"text-align: left;\">Such structures are typically associated with a constructive medium- to long-term outlook and reflect a willingness to assume downside assignment risk in pursuit of greater upside leverage.</p><h2 style=\"text-align: left;\">Market Sentiment</h2><p style=\"text-align: left;\">Taken as a whole, SPCX block-trade activity skewed decisively bearish.</p><p style=\"text-align: left;\">Bullish premium totaled approximately $23.20 million, compared with $60.31 million in bearish premium, leaving a net bearish imbalance of $37.11 million.</p><p style=\"text-align: left;\">While the tape included several constructive positions—including synthetic longs, bull put spreads, and multiple short-put trades that suggest some investors are selectively accumulating exposure or harvesting premium—the largest concentration of capital was directed toward long-put purchases and other defensive bearish structures.</p><p style=\"text-align: left;\">The imbalance suggests that institutional participants remain more focused on protecting against downside risks than positioning for further gains. As a result, overall sentiment in the options market remains cautious, defensive, and tilted toward a weaker outlook for the underlying.</p><h2 style=\"text-align: left;\">Strategy Watch</h2><p style=\"text-align: left;\">With implied volatility elevated and options flow signaling a bearish bias, premium-selling strategies may warrant consideration.</p><p style=\"text-align: left;\">Traders seeking to benefit from rich option premiums could look at selling deep out-of-the-money options with relatively low probabilities of expiring in the money. For those looking to limit margin requirements and define risk, spread-based approaches such as bull put spreads or bear call spreads may offer a more capital-efficient way to express directional views while maintaining controlled exposure.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCF":"2倍做多SpaceX ETF-ProShares","SPAX":"2倍做多SPACEX ETF-T-REX","SNK":"2倍做空SpaceX ETF-GraniteShares","SPCX":"SPAC and New Issue ETF","SPCM":"2倍做多SpaceX ETF-Tradr","SPCG":"2倍做空SpaceX ETF-Tradr","SPCU":"2倍做多SpaceX ETF-Defiance","SSPC":"2倍做空SpaceX ETF-Leverage Shares","SPAL":"2倍做多Space X ETF-GraniteShares","SPCQ":"2倍做空SpaceX ETF-Defiance","SPCH":"2倍做多SpaceX ETF-Leverage Shares","LOFF":"2倍做多SpaceX ETF-Direxion"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191560057","content_text":"SPCX shares closed at $156.11 on Tuesday, up 0.98%, but activity in the options market painted a more cautious picture. A deep in-the-money put purchase worth more than $30 million stood out as the session’s most notable trade, while a mix of bullish and bearish structures emerged across the tape. Overall, options flow suggested a defensive bias, with downside protection attracting the bulk of institutional capital.Options MetricsSPCX's implied volatility (IV) stood at 94.07%, with its IV percentile reaching 98.58%, indicating that option premiums are trading near the upper end of their historical range and remain relatively expensive.The IV-to-historical volatility (HV) ratio was 0.50, highlighting a divergence between implied and realized volatility expectations. Meanwhile, the call-to-put volume ratio came in at 1.15.Block Trade ActivityThe session’s most significant single-leg trade was a $30.43 million put purchase.The transaction involved buying 4,190 contracts of the July 17, 2026 $220 put. With SPCX trading at $156.11, the option was deeply in the money, suggesting a substantial commitment to downside protection or a bearish directional view.$SPCX 20260717 220.0 PUT$Source: Tiger Trade AppGiven the long-dated maturity and deep intrinsic value of the contract, the position appears less consistent with short-term speculation and more indicative of medium- to long-term hedging activity or a conviction that the underlying could face sustained weakness. The trade represents one of the strongest bearish signals seen in the day’s options flow.Another notable transaction was a synthetic long position valued at approximately $9.62 million, representing the session’s most prominent bullish structure.The strategy consisted of selling the March 19, 2027 $140 put while simultaneously purchasing the March 19, 2027 $250 call. This classic synthetic long structure is designed to establish bullish exposure while improving capital efficiency.$SPCX 20270319 140.0 PUT$ $SPCX 20270319 250.0 CALL$ Source: Tiger Trade AppBoth legs were out of the money, indicating that the trader was not positioning for a modest near-term move but rather expressing confidence in longer-term upside potential. By selling the put, the investor accepts the obligation to buy shares at lower levels in exchange for enhanced participation in a potential rally.Such structures are typically associated with a constructive medium- to long-term outlook and reflect a willingness to assume downside assignment risk in pursuit of greater upside leverage.Market SentimentTaken as a whole, SPCX block-trade activity skewed decisively bearish.Bullish premium totaled approximately $23.20 million, compared with $60.31 million in bearish premium, leaving a net bearish imbalance of $37.11 million.While the tape included several constructive positions—including synthetic longs, bull put spreads, and multiple short-put trades that suggest some investors are selectively accumulating exposure or harvesting premium—the largest concentration of capital was directed toward long-put purchases and other defensive bearish structures.The imbalance suggests that institutional participants remain more focused on protecting against downside risks than positioning for further gains. As a result, overall sentiment in the options market remains cautious, defensive, and tilted toward a weaker outlook for the underlying.Strategy WatchWith implied volatility elevated and options flow signaling a bearish bias, premium-selling strategies may warrant consideration.Traders seeking to benefit from rich option premiums could look at selling deep out-of-the-money options with relatively low probabilities of expiring in the money. For those looking to limit margin requirements and define risk, spread-based approaches such as bull put spreads or bear call spreads may offer a more capital-efficient way to express directional views while maintaining controlled exposure.","news_type":1,"symbols_score_info":{"SSPC":0.6,"SPCG":0.6,"SPCF":0.6,"LOFF":0.6,"SPCU":0.6,"SPAL":0.6,"SPCQ":0.6,"SPCX":2,"SNK":0.6,"SPCH":0.6,"SPAX":0.6,"SPCM":0.6}},"isVote":1,"tweetType":1,"viewCount":159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":578608007296216,"gmtCreate":1782286661189,"gmtModify":1782287109820,"author":{"id":"4094645291234520","authorId":"4094645291234520","name":"cvkr","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094645291234520","idStr":"4094645291234520"},"themes":[],"title":"","htmlText":"I bought SpaceX at 201 don't know what I need to do now ","listText":"I bought SpaceX at 201 don't know what I need to do now ","text":"I bought SpaceX at 201 don't know what I need to do now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/578608007296216","repostId":"1191560057","repostType":2,"repost":{"id":"1191560057","kind":"news","weMediaInfo":{"introduction":"Magic option strategies for extra income.","home_visible":1,"media_name":"Option Witch","id":"1016323842","head_image":"https://community-static.tradeup.com/news/7471350466f20d36ee3112d77c72cd89"},"pubTimestamp":1782285933,"share":"https://ttm.financial/m/news/1191560057?lang=en_US&edition=fundamental","pubTime":"2026-06-24 15:25","market":"us","language":"en","title":"Option Focus | SPCX Sees $30 Million Deep ITM Put Block, Synthetic Long Fails to Offset Broadly Bearish Tone","url":"https://stock-news.laohu8.com/highlight/detail?id=1191560057","media":"Option Witch","summary":"SPCX shares closed at $156.11 on Tuesday, up 0.98%, but activity in the options market painted a more cautious picture. A deep in-the-money put purchase worth more than $30 million stood out as the...","content":"<html><head></head><body><p style=\"text-align: left;\">SPCX shares closed at $156.11 on Tuesday, up 0.98%, but activity in the options market painted a more cautious picture. A deep in-the-money put purchase worth more than $30 million stood out as the session’s most notable trade, while a mix of bullish and bearish structures emerged across the tape. Overall, options flow suggested a defensive bias, with downside protection attracting the bulk of institutional capital.</p><h2 style=\"text-align: left;\">Options Metrics</h2><p style=\"text-align: left;\">SPCX's implied volatility (IV) stood at 94.07%, with its IV percentile reaching 98.58%, indicating that option premiums are trading near the upper end of their historical range and remain relatively expensive.</p><p style=\"text-align: left;\">The IV-to-historical volatility (HV) ratio was 0.50, highlighting a divergence between implied and realized volatility expectations. Meanwhile, the call-to-put volume ratio came in at 1.15.</p><h2 style=\"text-align: left;\">Block Trade Activity</h2><p style=\"text-align: left;\">The session’s most significant single-leg trade was a $30.43 million put purchase.</p><p style=\"text-align: left;\">The transaction involved buying 4,190 contracts of the July 17, 2026 $220 put. With SPCX trading at $156.11, the option was deeply in the money, suggesting a substantial commitment to downside protection or a bearish directional view.</p><p style=\"text-align: left;\"><strong><a class=\"teditor-mention\" data-mention-id=\"SPCX 20260717 220.0 PUT\" data-mention-name=\"SPCX\" href=\"https://laohu8.com/OPT/SPCX%2020260717%20220.0%20PUT\" target=\"_blank\" rel=\"noopener noreferrer\">$SPCX 20260717 220.0 PUT$</a></strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e9d8c9eb951998fb89b6735c1147f684\" data-align=\"center\" tg-width=\"1169\" tg-height=\"489\"/><span>Source: Tiger Trade App</span></p><p style=\"text-align: left;\">Given the long-dated maturity and deep intrinsic value of the contract, the position appears less consistent with short-term speculation and more indicative of medium- to long-term hedging activity or a conviction that the underlying could face sustained weakness. The trade represents one of the strongest bearish signals seen in the day’s options flow.</p><p style=\"text-align: left;\">Another notable transaction was a synthetic long position valued at approximately $9.62 million, representing the session’s most prominent bullish structure.</p><p style=\"text-align: left;\">The strategy consisted of selling the March 19, 2027 $140 put while simultaneously purchasing the March 19, 2027 $250 call. This classic synthetic long structure is designed to establish bullish exposure while improving capital efficiency.</p><p style=\"text-align: left;\"><strong><a class=\"teditor-mention\" data-mention-id=\"SPCX 20270319 140.0 PUT\" data-mention-name=\"SPCX\" href=\"https://laohu8.com/OPT/SPCX%2020270319%20140.0%20PUT\" target=\"_blank\" rel=\"noopener noreferrer\">$SPCX 20270319 140.0 PUT$</a> </strong></p><p style=\"text-align: left;\"><strong><a class=\"teditor-mention\" data-mention-id=\"SPCX 20270319 250.0 CALL\" data-mention-name=\"SPCX\" href=\"https://laohu8.com/OPT/SPCX%2020270319%20250.0%20CALL\" target=\"_blank\" rel=\"noopener noreferrer\">$SPCX 20270319 250.0 CALL$</a> </strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/96a8fe8036463ecef8f82e67275d864c\" data-align=\"center\" tg-width=\"1170\" tg-height=\"523\"/><span></span></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f4ca80043812a0550fe71cdffcb41b6e\" data-align=\"center\" tg-width=\"1169\" tg-height=\"503\"/><span>Source: Tiger Trade App</span></p><p style=\"text-align: left;\">Both legs were out of the money, indicating that the trader was not positioning for a modest near-term move but rather expressing confidence in longer-term upside potential. By selling the put, the investor accepts the obligation to buy shares at lower levels in exchange for enhanced participation in a potential rally.</p><p style=\"text-align: left;\">Such structures are typically associated with a constructive medium- to long-term outlook and reflect a willingness to assume downside assignment risk in pursuit of greater upside leverage.</p><h2 style=\"text-align: left;\">Market Sentiment</h2><p style=\"text-align: left;\">Taken as a whole, SPCX block-trade activity skewed decisively bearish.</p><p style=\"text-align: left;\">Bullish premium totaled approximately $23.20 million, compared with $60.31 million in bearish premium, leaving a net bearish imbalance of $37.11 million.</p><p style=\"text-align: left;\">While the tape included several constructive positions—including synthetic longs, bull put spreads, and multiple short-put trades that suggest some investors are selectively accumulating exposure or harvesting premium—the largest concentration of capital was directed toward long-put purchases and other defensive bearish structures.</p><p style=\"text-align: left;\">The imbalance suggests that institutional participants remain more focused on protecting against downside risks than positioning for further gains. As a result, overall sentiment in the options market remains cautious, defensive, and tilted toward a weaker outlook for the underlying.</p><h2 style=\"text-align: left;\">Strategy Watch</h2><p style=\"text-align: left;\">With implied volatility elevated and options flow signaling a bearish bias, premium-selling strategies may warrant consideration.</p><p style=\"text-align: left;\">Traders seeking to benefit from rich option premiums could look at selling deep out-of-the-money options with relatively low probabilities of expiring in the money. For those looking to limit margin requirements and define risk, spread-based approaches such as bull put spreads or bear call spreads may offer a more capital-efficient way to express directional views while maintaining controlled exposure.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Option Focus | SPCX Sees $30 Million Deep ITM Put Block, Synthetic Long Fails to Offset Broadly Bearish Tone</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOption Focus | SPCX Sees $30 Million Deep ITM Put Block, Synthetic Long Fails to Offset Broadly Bearish Tone\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1016323842\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/7471350466f20d36ee3112d77c72cd89);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Option Witch </p>\n<p class=\"h-time\">2026-06-24 15:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">SPCX shares closed at $156.11 on Tuesday, up 0.98%, but activity in the options market painted a more cautious picture. A deep in-the-money put purchase worth more than $30 million stood out as the session’s most notable trade, while a mix of bullish and bearish structures emerged across the tape. Overall, options flow suggested a defensive bias, with downside protection attracting the bulk of institutional capital.</p><h2 style=\"text-align: left;\">Options Metrics</h2><p style=\"text-align: left;\">SPCX's implied volatility (IV) stood at 94.07%, with its IV percentile reaching 98.58%, indicating that option premiums are trading near the upper end of their historical range and remain relatively expensive.</p><p style=\"text-align: left;\">The IV-to-historical volatility (HV) ratio was 0.50, highlighting a divergence between implied and realized volatility expectations. Meanwhile, the call-to-put volume ratio came in at 1.15.</p><h2 style=\"text-align: left;\">Block Trade Activity</h2><p style=\"text-align: left;\">The session’s most significant single-leg trade was a $30.43 million put purchase.</p><p style=\"text-align: left;\">The transaction involved buying 4,190 contracts of the July 17, 2026 $220 put. With SPCX trading at $156.11, the option was deeply in the money, suggesting a substantial commitment to downside protection or a bearish directional view.</p><p style=\"text-align: left;\"><strong><a class=\"teditor-mention\" data-mention-id=\"SPCX 20260717 220.0 PUT\" data-mention-name=\"SPCX\" href=\"https://laohu8.com/OPT/SPCX%2020260717%20220.0%20PUT\" target=\"_blank\" rel=\"noopener noreferrer\">$SPCX 20260717 220.0 PUT$</a></strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e9d8c9eb951998fb89b6735c1147f684\" data-align=\"center\" tg-width=\"1169\" tg-height=\"489\"/><span>Source: Tiger Trade App</span></p><p style=\"text-align: left;\">Given the long-dated maturity and deep intrinsic value of the contract, the position appears less consistent with short-term speculation and more indicative of medium- to long-term hedging activity or a conviction that the underlying could face sustained weakness. The trade represents one of the strongest bearish signals seen in the day’s options flow.</p><p style=\"text-align: left;\">Another notable transaction was a synthetic long position valued at approximately $9.62 million, representing the session’s most prominent bullish structure.</p><p style=\"text-align: left;\">The strategy consisted of selling the March 19, 2027 $140 put while simultaneously purchasing the March 19, 2027 $250 call. This classic synthetic long structure is designed to establish bullish exposure while improving capital efficiency.</p><p style=\"text-align: left;\"><strong><a class=\"teditor-mention\" data-mention-id=\"SPCX 20270319 140.0 PUT\" data-mention-name=\"SPCX\" href=\"https://laohu8.com/OPT/SPCX%2020270319%20140.0%20PUT\" target=\"_blank\" rel=\"noopener noreferrer\">$SPCX 20270319 140.0 PUT$</a> </strong></p><p style=\"text-align: left;\"><strong><a class=\"teditor-mention\" data-mention-id=\"SPCX 20270319 250.0 CALL\" data-mention-name=\"SPCX\" href=\"https://laohu8.com/OPT/SPCX%2020270319%20250.0%20CALL\" target=\"_blank\" rel=\"noopener noreferrer\">$SPCX 20270319 250.0 CALL$</a> </strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/96a8fe8036463ecef8f82e67275d864c\" data-align=\"center\" tg-width=\"1170\" tg-height=\"523\"/><span></span></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f4ca80043812a0550fe71cdffcb41b6e\" data-align=\"center\" tg-width=\"1169\" tg-height=\"503\"/><span>Source: Tiger Trade App</span></p><p style=\"text-align: left;\">Both legs were out of the money, indicating that the trader was not positioning for a modest near-term move but rather expressing confidence in longer-term upside potential. By selling the put, the investor accepts the obligation to buy shares at lower levels in exchange for enhanced participation in a potential rally.</p><p style=\"text-align: left;\">Such structures are typically associated with a constructive medium- to long-term outlook and reflect a willingness to assume downside assignment risk in pursuit of greater upside leverage.</p><h2 style=\"text-align: left;\">Market Sentiment</h2><p style=\"text-align: left;\">Taken as a whole, SPCX block-trade activity skewed decisively bearish.</p><p style=\"text-align: left;\">Bullish premium totaled approximately $23.20 million, compared with $60.31 million in bearish premium, leaving a net bearish imbalance of $37.11 million.</p><p style=\"text-align: left;\">While the tape included several constructive positions—including synthetic longs, bull put spreads, and multiple short-put trades that suggest some investors are selectively accumulating exposure or harvesting premium—the largest concentration of capital was directed toward long-put purchases and other defensive bearish structures.</p><p style=\"text-align: left;\">The imbalance suggests that institutional participants remain more focused on protecting against downside risks than positioning for further gains. As a result, overall sentiment in the options market remains cautious, defensive, and tilted toward a weaker outlook for the underlying.</p><h2 style=\"text-align: left;\">Strategy Watch</h2><p style=\"text-align: left;\">With implied volatility elevated and options flow signaling a bearish bias, premium-selling strategies may warrant consideration.</p><p style=\"text-align: left;\">Traders seeking to benefit from rich option premiums could look at selling deep out-of-the-money options with relatively low probabilities of expiring in the money. For those looking to limit margin requirements and define risk, spread-based approaches such as bull put spreads or bear call spreads may offer a more capital-efficient way to express directional views while maintaining controlled exposure.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCF":"2倍做多SpaceX ETF-ProShares","SPAX":"2倍做多SPACEX ETF-T-REX","SNK":"2倍做空SpaceX ETF-GraniteShares","SPCX":"SPAC and New Issue ETF","SPCM":"2倍做多SpaceX ETF-Tradr","SPCG":"2倍做空SpaceX ETF-Tradr","SPCU":"2倍做多SpaceX ETF-Defiance","SSPC":"2倍做空SpaceX ETF-Leverage Shares","SPAL":"2倍做多Space X ETF-GraniteShares","SPCQ":"2倍做空SpaceX ETF-Defiance","SPCH":"2倍做多SpaceX ETF-Leverage Shares","LOFF":"2倍做多SpaceX ETF-Direxion"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191560057","content_text":"SPCX shares closed at $156.11 on Tuesday, up 0.98%, but activity in the options market painted a more cautious picture. A deep in-the-money put purchase worth more than $30 million stood out as the session’s most notable trade, while a mix of bullish and bearish structures emerged across the tape. Overall, options flow suggested a defensive bias, with downside protection attracting the bulk of institutional capital.Options MetricsSPCX's implied volatility (IV) stood at 94.07%, with its IV percentile reaching 98.58%, indicating that option premiums are trading near the upper end of their historical range and remain relatively expensive.The IV-to-historical volatility (HV) ratio was 0.50, highlighting a divergence between implied and realized volatility expectations. Meanwhile, the call-to-put volume ratio came in at 1.15.Block Trade ActivityThe session’s most significant single-leg trade was a $30.43 million put purchase.The transaction involved buying 4,190 contracts of the July 17, 2026 $220 put. With SPCX trading at $156.11, the option was deeply in the money, suggesting a substantial commitment to downside protection or a bearish directional view.$SPCX 20260717 220.0 PUT$Source: Tiger Trade AppGiven the long-dated maturity and deep intrinsic value of the contract, the position appears less consistent with short-term speculation and more indicative of medium- to long-term hedging activity or a conviction that the underlying could face sustained weakness. The trade represents one of the strongest bearish signals seen in the day’s options flow.Another notable transaction was a synthetic long position valued at approximately $9.62 million, representing the session’s most prominent bullish structure.The strategy consisted of selling the March 19, 2027 $140 put while simultaneously purchasing the March 19, 2027 $250 call. This classic synthetic long structure is designed to establish bullish exposure while improving capital efficiency.$SPCX 20270319 140.0 PUT$ $SPCX 20270319 250.0 CALL$ Source: Tiger Trade AppBoth legs were out of the money, indicating that the trader was not positioning for a modest near-term move but rather expressing confidence in longer-term upside potential. By selling the put, the investor accepts the obligation to buy shares at lower levels in exchange for enhanced participation in a potential rally.Such structures are typically associated with a constructive medium- to long-term outlook and reflect a willingness to assume downside assignment risk in pursuit of greater upside leverage.Market SentimentTaken as a whole, SPCX block-trade activity skewed decisively bearish.Bullish premium totaled approximately $23.20 million, compared with $60.31 million in bearish premium, leaving a net bearish imbalance of $37.11 million.While the tape included several constructive positions—including synthetic longs, bull put spreads, and multiple short-put trades that suggest some investors are selectively accumulating exposure or harvesting premium—the largest concentration of capital was directed toward long-put purchases and other defensive bearish structures.The imbalance suggests that institutional participants remain more focused on protecting against downside risks than positioning for further gains. As a result, overall sentiment in the options market remains cautious, defensive, and tilted toward a weaker outlook for the underlying.Strategy WatchWith implied volatility elevated and options flow signaling a bearish bias, premium-selling strategies may warrant consideration.Traders seeking to benefit from rich option premiums could look at selling deep out-of-the-money options with relatively low probabilities of expiring in the money. For those looking to limit margin requirements and define risk, spread-based approaches such as bull put spreads or bear call spreads may offer a more capital-efficient way to express directional views while maintaining controlled exposure.","news_type":1,"symbols_score_info":{"SSPC":0.6,"SPCG":0.6,"SPCF":0.6,"LOFF":0.6,"SPCU":0.6,"SPAL":0.6,"SPCQ":0.6,"SPCX":2,"SNK":0.6,"SPCH":0.6,"SPAX":0.6,"SPCM":0.6}},"isVote":1,"tweetType":1,"viewCount":159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
