Everyone Said the SpaceX Unlock Would Crash It. Days Later It's Bottoming.

Everyone braced for SpaceX to crash when nearly a billion shares came free to trade this week. It didn't. On today's show, with the stock up around ten dollars, Tim Knight joins Mike Butler and the desk to call it: after a lifetime low Monday and a flat earnings reaction midweek, SpaceX is hammering out what he sees as a meaningful bottom. His read is that the flood was already priced in, and that insiders who believe in the company simply aren't dumping at any price. The other story is the jobs report. Payrolls came in deeply negative against expectations for a solid gain, the market spiked and then unwound the entire move, and the odds of a September rate hike swung sharply toward no change. The crew also flags fresh short setups in a couple of tech names as correlation breaks down into a stock pickers market, and lays out why precious metals may need a breather after their bounce. 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 SpaceX up ten dollars 00:13 Why the crash never came 01:21 A week that told a story 02:57 Buy the rumor, sell the news 03:08 The line that matters next 04:06 Trading SpaceX short term 04:45 The shock jobs number 06:03 Bonds still in a long bear market 07:44 A caution flag on metals 09:54 New shorts as correlation breaks 11:18 The bull bear tug of war 12:11 Rate hike odds swing 12:57 Wrapping with Tim #tastylive #spacex #stockmarket #jobsreport #options #optionstrading #timknight #mikebutler #ratecuts #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.