Everyone Said SpaceX Would Crash on Unlock Day. It Is Rallying Instead

Today was SpaceX's first share unlock, and more shares came free to trade than the entire current float. The whole market braced for insiders to rush the exits and crash the stock. Instead it rallied in real time. Tim Knight joins Mike Butler and Jermal Chandler with a contrarian read he first laid out before the IPO: a lot of these insiders are true believers who aren't selling here, so the unlock everyone dreaded may already be priced in. The crew also walks the Western Digital and SanDisk earnings selloff, a surprising Nasdaq rally off a weak open, where crude oil is settling, a longer-term China setup, and the jobs report risk into tomorrow. Then the stat of the day: SpaceX traded roughly four times the volume of SPY, QQQ, IWM and DIA combined. All positions and views are the hosts' own and this is not a recommendation. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters: 00:00 Closing the WDC and Meta wins 00:24 Tim Knight joins the show 00:37 The Western Digital and SanDisk selloff 02:12 A surprising Nasdaq rally 03:49 Two events before getting aggressive 05:21 Crude oil finds a home 07:07 SpaceX unlock day arrives 07:45 Why it could rally instead 08:29 The stock rallies in real time 09:07 A true believer shareholder base 10:01 A longer term China play 12:08 Prediction markets and gambling 13:29 Datadog and Nvidia on deck 14:52 Tomorrow's jobs report risk 15:27 The staggering SpaceX volume #tastylive #spacex #stockmarket #options #optionstrading #timknight #mikebutler #sharelockup #nasdaq #daytrading tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.