SpaceX up 17%, company options begin to trade actively

June 16, SpaceX options began actively trading, providing investors with another way to bet on the future performance of the rocket company’s newly listed stock under Elon Musk. Options allow investors to buy or sell an asset at a predetermined price within a specified period, commonly used for hedging risks or speculating on price fluctuations. According to Trade data, about 115,000 options contracts changed hands in the first 10 minutes after trading opened, with a call-to-put ratio of 1.7:1.Related article: SpaceX soared by 17%, with its intraday market value exceeding 2.969 trillion USD, surpassing Microsoft (which once approached 2.948 trillion USD), and chasing Apple, Google, NVIDIA.The company’s stock options started trading with huge volumes.