$SPCX options listing tomorrow
Float ~650M shares. Tradable float may be much smaller due to IPO rules, ETF/index demand, & hodlers
Options flows might lead to some meaningful incremental share demand for dealers
Disclosure: I am long SPCX shares and may actively trade SPCX options. I may add, reduce, hedge, or exit at any time. Not investment advice
$qqq I continue to buy a put for every call bought and will / have accepted a lower return as we melt up to an eventual blow off top or major divergence. I don't need the profits here. But I don't want to get run over.
3 months later, $IWM has pretty much achieved the $290 target(and likely to tag the $300 target tomorrow morning)!
Russell2000 ( $IWM) is by far the leading major index with roughly +19% YTD gain.
$SPX implied move for this shortened OPEX week has contracted to 137 points. As always, weโll get plenty of Iran-related headlines, but the main event this week is the FOMC meeting, followed by Warshโs first-ever press conference.
A short OPEX week is a market makerโs dream, expect plenty of chop and frustrating price action so tread carefully.
2X LONG AND SHORT SPACEX ETFS LAUNCHING ON MONDAY
Watch out for this on Monday
The 2x Long and Short SpaceX ETFs will begin trading ... here are the tickers to watch out for from Leverage Shares
- $SPCH - 2x Long SpaceX ETF
- $SSPC - 2x Short SpaceX ETF
I heard a rumor there is a chance they could begin trading in pre market trading
Bookmark this post
Disclosure: @LeverageETFs is a SMN Partner. This post is for informational purposes only, not investment advice.