Space Exploration Technologies shares are trading marginally higher Thursday, in-line with the broader Industrials sector's 0.7% gain.

SpaceX (SPCX) stock jumps 3% on news it will join the Nasdaq-100 Index on July 7. Plus, details on a potential Charter mobile deal.

SpaceX stock has dropped since its IPO, driving down realized volatility. But investors can benefit from upside tail risk with this trade.

Space Exploration Technologies shares are trading marginally higher Thursday, in-line with the broader Industrials sector's 0.7% gain.