SpaceX options didn’t just debut on US exchanges. They detonated.
On June 16, trading volume for SpaceX (ticker SPCX) options hit 1.3 million contracts by 2 p.m. ET. That’s more than triple the previous first-day record held by Meta, which managed roughly 365,000 contracts when its options launched back in 2012. The total premium exchanged topped $2 billion, with a decidedly bullish lean: calls outnumbered puts at a ratio of 1.4-to-1.
The frenzy placed SpaceX as the third most actively traded single-stock options that day, trailing only Tesla and Nvidia. For a company that just went public four days earlier, that’s less of a warm welcome and more of a standing ovation.
The IPO that set the stage
SpaceX’s options debut followed what was already the largest IPO in history. On June 12, the company raised $75 billion by pricing shares at $135 each. To put that in perspective, Saudi Aramco’s 2019 IPO raised roughly $25.6 billion. SpaceX nearly tripled it.
