Use this SpaceX options strategy to play the next Starship flight, set for Sept. 15, Jeff Kilburg says
Two supply events are why the stock is still cheap: the September 9 share unlock, and the painful memory of the summer's air pocket post-IPO.
TL;DR
- SpaceX stock is trading below its IPO price, presenting a potential buying opportunity.
- Analysts have raised price targets for SpaceX, citing its vertically integrated AI stack and future potential.
- Upcoming events include a September 9 share unlock and Starship Flight 14 on September 15.
- Implied volatility for SpaceX options has decreased significantly since the IPO.
- A proposed options strategy involves selling a September 18 $140 put and buying a September 18 $160 call for a net debit of $0.35.
- This strategy aims to profit from a potential stock rebound driven by the upcoming events and analyst targets.
- The strategy offers uncapped upside potential above $160.35 with defined risk.