2 hours ago
With the initial public offering of ******* eX (SPCX), Elon Musk has boldly gone where no man has gone before. For investors, there are still issues to sort out about the stunning debut of ******* eX stock. For one, is ******* eX a meme stock?
If so, is that a bad thing given that some investors have reaped enormous gains from them? Of course, meme stocks have been known to collapse as well. So-called meme stocks are buzzworthy tickers that investors like to talk up on social media.
With meme stocks, coordinated buying among individual investors occurs via social-media. Options trading can be one indicator of meme stocks. Call-options bets act as a force multiplier, driving shares up.
SpaceX's options trading has surpassed the previous record held by Meta Platforms (META) in its 2012 IPO, according to Cboe Global Markets data.
At Swissquote, ******* yst Ipek Ozkardeskaya said ******* eX behaves like a meme stock.
If so, is that a bad thing given that some investors have reaped enormous gains from them? Of course, meme stocks have been known to collapse as well. So-called meme stocks are buzzworthy tickers that investors like to talk up on social media.
With meme stocks, coordinated buying among individual investors occurs via social-media. Options trading can be one indicator of meme stocks. Call-options bets act as a force multiplier, driving shares up.
SpaceX's options trading has surpassed the previous record held by Meta Platforms (META) in its 2012 IPO, according to Cboe Global Markets data.
At Swissquote, ******* yst Ipek Ozkardeskaya said ******* eX behaves like a meme stock.
