SpaceX’s strong rally after reporting earnings reinforced optimism around Meta and Tesla ahead of their own results, due Wednesday afternoon. Options trading in Meta leaned decisively bullish, with more than 30,000 calls traded at the ask versus fewer than 17,000 puts, and nearly $22 million in trades showing bullish intent compared with $7.5 million in downside trades. The market expects Meta’s shares to move 6.5% after earnings, below their 9% average over the past four quarters. Tesla’s positioning was also bullish but less decisive: 315,000 of the 520,000 contracts traded were calls, with more than $200 million in call-buying premiums versus $84 million in put premiums, while the market expects a 5.5% post-earnings move.
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