SpaceX Options' First Day of Trading Is Already Breaking Records -- WSJ

Dow Jones06-16 23:59

By Krystal Hur

SpaceX options volumes are already smashing records just hours into their first trading day.

About 927,000 options contracts tied to SpaceX changed hands by around 11:30 a.m. ET on Tuesday, show Cboe Global Markets data. Some of the most actively-traded contracts were call options tied to the stock rising to $300 and $380 a share. Calls give the right to buy a stock at a set price, by a certain date.

That breaks the first-day record set by Meta Platforms in 2012, when 364,000 options contracts traded on the first day of listing, according to Henry Schwartz, Cboe's vice president of market intelligence.

Some market makers, who are responsible for providing liquidity for trades, say all hands are on deck to handle the large volumes in options, which usually start trading a couple trading days after the IPO itself.

"We would expect strong participation from both institutional and retail investors, significant trading activity and elevated volatility," said Jake Taylor, head of U.S. single stock options at trading-firm Optiver. "Market makers will be focused on providing liquidity and supporting orderly markets from day one."

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June 16, 2026 11:59 ET (15:59 GMT)

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