To The Moon

There's a hedged pair I've been running for a while — long EchoStar (ECHO), short SpaceX (SPCX). Different playbook from the wheel and PMCC content I usually cover on this feed. Not a recurring premium strategy. Not an options structure. A defined-event trade with a specific catalyst, a specific spread, and a specific set of ways to break. Here's the walkthrough. Fair warning up front: this isn't a beginner trade, and the sizing and risk management matter more than the thesis. Read the risk section before deciding what to do with anything here. The Setup SpaceX started trading on Nasdaq on June 12, 2026 at a $135 IPO price. As of Friday's close, SPCX is at $123.99 — down about 8% from the IPO price and down roughly 15% just this past week as semis and speculative growth got hit hard across

$SPY 20260717 690.0 PUT$ Front spread expired worthless 

$SPY 20260717 700.0 PUT$ Front spread expired worthless 

$MARA 20260717 13.0 CALL$ Expired worthless 

$MARA 20260717 13.5 CALL$ Expired worthless 

$MARA 20260717 12.5 PUT$ Assigned but still collect the premiums

$IBIT 20260717 36.0 PUT$ Expired worthless 

$COIN 20260717 185.0 CALL$ Expired worthless 

$MARA Holdings(MARA)$ Assigned to buy 1000 shares 

$MARA DIAGONAL 260807/260731 CALL 13.5/CALL 15.0$ Rolling down and out. Trying to squeeze more premium by shifting it downwards.