What options traders expect from SpaceX earnings after the bell — SkimNews
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- Cboe LiveVol data put SpaceX’s implied post-earnings move at about 6%, less than half the 13% decline recorded after its inaugural August report.
- ThinkOrSwim measured SpaceX’s implied volatility at 62 on Monday, down from above 110 before the second-quarter earnings release.
- Barchart data showed roughly even open calls and puts but daily SpaceX volume leaning toward calls over the past week; Monday’s 1.1 million contracts ran 20% above the 30-day average, including 665,000 calls bought more often than sold.
- SpotGamma identified the Friday-expiry 170-strike call as the most popular contract, requiring a 14% rally, and noted buying in the month-end 190-strike call, bought for 40 cents and requiring a 29% rally to break even.
- SpaceX is scheduled to release shares two days after earnings and again on October 26, together making more than 1.6 billion shares eligible for sale; releases on September 9, 10 and 24 had no discernible effect on the stock.
- SpaceX shares set their post-August low after the first earnings selloff, rallied 60% over the following two months, then reversed and dropped as much as 19% in the past two weeks.
- SpaceX is reportedly eyeing a $40 billion debt deal to buy Nvidia chips ahead of Tuesday’s second earnings report.
Why it matters: Options buyers are targeting a 14% rally, but more than 1.6 billion shares become eligible for sale two days after earnings and on October 26. For traders, those dated releases put a concrete supply consideration alongside the roughly 6% move priced for the report.
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