A mystery buyer holds nearly $20 million in SPCX $330-strike calls expiring Friday, requiring the stock to nearly triple from $120.
Kochuba rules out retail, hedge funds, and market-makers, pointing instead to a bank hedging short exposure in the stock or volatility.
Pestrichelli says a $100 rally to $215 by Wednesday morning could make the position profitable, framing it as a cheap hedge rather than a speculative bet.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and **** eX didn't make the cut. Grab the names FREE today.
Open interest in a single out-of-the-money **** eX (NASDAQ:SPCX) call option is now approaching $20 million, and no one on Wall Street can say for certain who is behind it. The contract in question is the $330-strike call expiring this Friday, August 7, a strike that would require SPCX to nearly triple in four trading days from around $119.59. Brent Kochuba, founder of SpotGamma, thinks the fingerprints point to a big bank.
#nearly #Friday #kochuba #Stock
Kochuba rules out retail, hedge funds, and market-makers, pointing instead to a bank hedging short exposure in the stock or volatility.
Pestrichelli says a $100 rally to $215 by Wednesday morning could make the position profitable, framing it as a cheap hedge rather than a speculative bet.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and **** eX didn't make the cut. Grab the names FREE today.
Open interest in a single out-of-the-money **** eX (NASDAQ:SPCX) call option is now approaching $20 million, and no one on Wall Street can say for certain who is behind it. The contract in question is the $330-strike call expiring this Friday, August 7, a strike that would require SPCX to nearly triple in four trading days from around $119.59. Brent Kochuba, founder of SpotGamma, thinks the fingerprints point to a big bank.
#nearly #Friday #kochuba #Stock
3 months ago
