SpaceX's market valuation has now exceeded that of two 'Magnificent Seven' companies, signaling the start of a major wave of U.S. stock mega IPOs.
On June 12, 2026, SpaceX was listed on the Nasdaq exchange, with promotional images for the company displayed outside the Nasdaq building.
SpaceX stock options are now officially listed and trading, with market enthusiasm reaching a peak immediately after the opening bell.
Within less than 30 minutes of the U.S. market open, SpaceX options trading volume had already climbed to the third-highest among single-stock options, trailing only behind Tesla Motors and NVIDIA. These two stocks typically see daily option contract volumes reaching millions of contracts, with option trading values exceeding $10 billion.
Tom Sosnoff is the co-founder of the trading software ThinkOrSwim, the founder of TastyTrade, and the CEO of Lossdog. Decades ago, he helped popularize options trading for ordinary individual investors, leading many in the industry to refer to him as the godfather of options trading. He predicts that SpaceX options trading volume will eventually top the list of U.S. single-stock options.
In a text message, this Chicago-based industry insider stated: "Once market trading stabilizes and liquidity is fully released—meaning after major high-frequency trading firms form a consensus on volatility expectations—it is highly likely that SpaceX's options trading volume will surpass that of Tesla Motors and NVIDIA to become the most actively traded single stock in the U.S. market. This is positive for both industry development and individual retail investors."
ThinkOrSwim trading data shows that in the first 30 minutes of trading on Tuesday, SpaceX options traded over 300,000 contracts. Call option volume far exceeded put option volume, with call buying volume more than double that of puts.
According to statistics from options data service provider SpotGamma, within the first half-hour of trading, the total premium trading volume for SpaceX options exceeded $400 million, with call option-related trading surpassing $300 million. In terms of trading activity, the most popular contract was the call option expiring this Thursday with a strike price of $220; following the stock's earlier 16% surge, this contract was at-the-money. The in-the-money call option with a $210 strike price also saw intense trading, with premium volume exceeding $22 million in the early trading session.
Sosnoff offered an investment caution: "It is advisable to wait for one or two trading sessions, allowing option pricing to return to a reasonable and efficient range before entering the market. It is estimated that initial option pricing is currently on the high side, with bid-ask spreads likely too wide."
At the time of writing, the implied volatility for SpaceX options stood at 135.
Comments