SPCX Stock Minute — Episode 3: Options ignite1×0:001:200:04Open0:24Options and Musk0:44Statement and reaction0:04AnchorS-P-C-X had another volatile lift-off. SpaceX closed at two hundred one dollars and eighty cents on Tuesday, up four point eight three percent, after opening at two hundred dollars and fifty one cents and touching two hundred twenty five dollars and sixty four cents intraday. Volume reached three hundred fifteen point two million shares.0:24AnchorThe new catalyst was options. Reuters says more than five hundred thousand SpaceX option contracts traded in the first hour, and more than one million by early afternoon. At one point, Reuters had the stock up eleven percent at two hundred thirteen dollars and sixteen cents, with market value near two point eight trillion dollars.0:44AnchorMusk's latest big number is still hanging over the tape. Replying on X, he wrote that he would be surprised if SpaceX revenue is not greater than one trillion dollars in twenty thirty one. Traders are less calm. Joe Saluzzi of Themis Trading told Reuters, quote, "it certainly feels like one of those meme stocks, the way it's trading." Brent Kochuba of SpotGamma added, quote, "If you're a market maker, you can't hedge SpaceX with anything else other than SpaceX." That's your SpaceX Stock Minute.
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