Svmuu News: Snowball user “The Way Has No Form, But I Do” (Duan Yongping) posted a message saying, “Let’s support Musk’s dream,” and shared a screenshot of a SpaceX (SPCX) options trade.
The screenshot shows that the user intends to sell to open 1,000 contracts of SpaceX put options expiring on December 18, 2026, with a strike price of $115, at a limit price of $23.20. If the entire order is filled, the user would receive approximately $2.32 million in premium and assume the obligation to purchase 100,000 shares of SpaceX stock at $115 per share upon expiration.
Svmuu Note: Selling puts is generally considered a bullish strategy, meaning the investor is willing to buy the underlying stock at the agreed-upon price while reducing the potential cost of establishing a position by collecting the premium.