A massive $20 million options trade bets that SpaceX stock will nearly triple by Friday, with over 450,000 contracts identified at a $330 strike price, nearly three times the current price around $124. These contracts control 45 million shares, roughly 7% of the public float of 639 million shares. SpaceX reports earnings after Tuesday’s close, its first results since the June listing, with a market value near $1.5 trillion. Analyst Brent Kochuba from SpotGamma suggests banks are likely behind this position, possibly hedging structured products rather than making a directional bet.
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