Support / Resistance 📈📉:
Support: $144.50–$147.00, $140.00–$141.50, $133.00
Resistance: $152.80, $156.00, $165.00–$167.00
Outlook 📝:
SPCX has been establishing a consolidation floor in the $144.50–$147.00 region following recent post-earnings price adjustments.
If SPCX holds above the immediate support zone at $144.50, expect buyers to drive a retest of primary resistance at $152.80. A clean breakout and daily hold above $152.80 clears room for a continuation rally toward $156.00 and $165.00.
Conversely, if selling pressure pushes price below $144.50, look for a pullback toward secondary support at $140.00–$141.50. Should that level fail to hold, watch for structural buyers to defend the lower demand floor near $133.00.
Target & Execution 🎯:
Trade Adjustment: Rolled existing 30 Oct 2026 $160 Put position out and down into the 4 Dec 2026 $155 Put.
Roll Rationale:
-Strike Reduction ($160 ➡️ $155): Improved buffer by lowering assignment risk strike closer to major structural support.
-Duration Extension (+5 Weeks Theta): Re-established time value decay advantage through early December expiry.
Profit Target: Looking to buy back to close at 50%–70% max profit on credit collected or exit when premium decays past target. Will keep monitor on SPCX price these few weeks.
Trade safe, Tiger friends! [Allin]
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