SpaceX's Sputtering Stock: A Multiyear Put Option Play Raises Questions About Investor Confidence The recent decline of SpaceX Corp (SPCX) stock below its $150 IPO price has been met with a peculiar response from institutional investors, who have sold massive volumes of put options at $80.
00. This unusual activity has sparked questions about investor confidence in the company's future prospects and the motivations behind this multiyear bet against SPCX.
The scale of the put option volume is striking – 17,200 contracts, a staggering 120 times more than the previous number outstanding.