The SpaceX Bears Got Obliterated, Now the Bulls Are Betting Big

On Monday the money was betting against SpaceX, by Wednesday it flipped completely. The roughly 4.5 million in bearish puts we flagged last week got obliterated when SpaceX blew out earnings, with its first-ever profit, sending the stock up nearly 8%. In its place, about 12.4 million in bullish calls hit the tape, and the real conviction is long-dated: over 8 million stretches to 2029, one trade betting SpaceX doubles by then. Did the quarter reset the valuation, or is it chasing one blowout? 📊 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 Monday bearish, Wednesday bullish 00:24 The put trade got obliterated 00:52 12 million in calls flip the flow 01:14 Two tracks, short and long dated 01:37 The 8 million in 2027-2029 leaps 02:28 The blowout quarter, first profit 02:45 AI is now the biggest business 03:12 The Tesla merger committees 04:22 The enormous guidance and CapEx 05:47 Signal vs noise, reset or extrapolation #tastylive #signalvsnoise #spacex #optionsflow #earnings #calloptions #leaps #teslamerger #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.