Someone Put 8 Million Into SpaceX Calls and the Clock Is the Tell

SpaceX just broke out of a multi-week range, and the options tape lit up: about 8.63 million dollars of near-the-money October calls, plus a second aggressive sweep, both bought at the ask, both bullish, but telling entirely different stories. The big October trade landed at a strike that had almost no open interest, roughly 59 times the existing contracts traded in it, fresh positioning in a line that was basically empty. 📊 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 8 million in SpaceX calls 00:16 Breaking out of the range 00:43 The post-IPO round trip 01:18 The big October call 01:51 59 times the open interest 02:30 The smaller November call 03:18 The calendar is the tell 03:43 Two bets, two catalysts 04:10 Why the October buyer needs momentum 05:21 The comically wide analyst targets 06:04 The level to watch #tastylive #signalvsnoise #spacex #optionsflow #callbuying #earnings #breakout #unusualoptions #optionstrading #stockmarket 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.