SpaceX (SPCX) Options Trading Sets Record on Debut

SpaceX (SPCX) options debuted on June 16, 2026, setting a U.S. options market record for first-day trading volume. Over 2 million contracts traded, according to Cboe Global Markets, significantly surpassing Meta's (META) 2012 record of 364,000 contracts. This follows SpaceX's IPO on June 12, 2026, which raised over $85 billion. Market sentiment leaned bullish, evidenced by a put/call ratio of approximately 0.7, indicating higher call option volume. Most active contracts included $220 strike calls expiring on June 18, 2026, with about 60,000 contracts traded, and $380 strike calls seeing over 30,000 contracts. SpaceX shares closed at $201.80 on June 16, 2026, up 49.5% from its $135 IPO price. Experts suggest the substantial volume in out-of-the-money calls may represent complex risk management strategies rather than outright speculative bets. SpaceX's low free float, estimated at 4% of total shares, could be contributing to magnified stock price movements.