Echostar Options Surge on SpaceX IPO Hype
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- Echostar saw options volume exceed 60,000 contracts in a day, with a total premium just under $50 million, more than three times its average daily volume over the past month (Cboe LiveVol).
- Echostar options trading was heavily call‑biased: about five times as many calls as puts, and calls sold were nearly three times the number bought (ThinkOrSwim data).
- Echostar’s stock has risen roughly 650 % over the past year but fell about 11 % in the last month.
- Echostar owns an estimated 3 % of SpaceX, acquired through a September deal that exchanged wireless spectrum for Starlink capacity.
- SpaceX plans to raise $75 billion in its IPO at a $1.77 trillion valuation, targeting a share price of $135 (SEC filing).
Why it matters: Traders are betting on the SpaceX IPO by buying and selling Echostar options, turning the stock into a speculative hotspot and potentially shifting capital toward the mid‑cap as the mega‑IPO approaches.
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