A few weeks ago, the obvious concern was that SPCX options open with insane IV because. Everyone wanted leverage on the SpaceX story. Now the setup is different. My friend ans I still not sure buying premium is the clean trade.

SPCX has gone from post-IPO euphoria to a reality check. It ran hard after listing, then go below the $135 IPO price and recently closed around $120 after a long streak.

Depending on where you mark the high, the stock is down something like 40%+ from the peak.

So now the temptation has flipped.

Instead of “buy calls because SpaceX is the future,” a lot of people are probably looking at puts because the chart looks broken.

Lockup/insider-selling risk is coming, and the next few catalysts could get messy. Q2 earnings, Starship launch timing, short interest, sentiment around AI/space names, there are a lot of things for options to price. That’s exactly why I’m still cautious.

You can be right on direction and still lose if the option already priced in the panic. You can buy puts after a huge move down and get IV crushed if the stock just stabilizes. You can buy calls on a bounce and still get chopped if the spread and volatility are ugly. My cusin makes my mind clear about that.

does a launch milestone hit or does the valuation hold, does sentiment recover after the post-IPO drop? That feels more useful to me than forcing a call/put trade just because the stock finally got interesting.

Anyone else watching SPCX options after the selloff, or are you actually trading them here?

i am not pushing this stock. just need an opinion. I ran across PTRN doing scans. the fundamentals look good. the sector looks good. makes a lot of cash. Stock price healthy. but there is no action when it comes to Call/Puts. i am also watching the earnings coming up. i want to buy a Call, but i am waiting for a retracement. i am using the Fibs and RSI to determine when to get in. the big problem is open interest. why is no one interested in PTRN options? i trade long term and want a Mar 2027 call but might have to settle with a Dec2026 call. i am a cash only account and not authorized for spreads.

For day trading, what tools do you use to determine (guess) the high and the low on an index (NDX, to be specific but would settle for SPX).

Im familiar (not an expert) with Gamma related levels (GEX) but what else can you use? I don't know TA or things like order flow and such so there may be something there. Anything else? Im specifically talking about intraday levels for 0dte trading.

this is just summarizing the current earnings season trends:

see below for prior research posts:

- https://www.reddit.com/r/options/comments/1v0h9m8/0dte_spx_greek_behavior_mkt_research_snapshot_pt6/

- https://www.reddit.com/r/options/comments/1uoh494/theta_decay_measured_on_19_years_of_real_spy/

- https://www.reddit.com/r/options/comments/1u4dgcz/0dte_spx_iron_condor_study

- https://www.reddit.com/r/options/comments/1u63m6i/spx_iron_fly_research_results/

- https://www.reddit.com/r/options/comments/1u63zqw/qqq_short_downside_puts_research/

- https://www.reddit.com/r/options/comments/1u6s42a/research_offer_pt4/

I thought I found some chump willing to buy an OTM put on Lucid Motors for a massive premium.

However after buying, I realize it says it’s an ‘adjusted’ strike.

Fidelity says my max profit is my premium, my max loss is $90. That makes sense. If the stock goes to $0 I lose $90 because I have to buy the shares. For $5.50 each, but I sold the put for $4.60 each so I only lose $90.

What doesn’t make sense is my ‘break even’ is listed at $9/share.

They did a 10-1 reverse split. So…is my 5.5 put being treated as a $55 put? Or a 0.55 put? I’m very confused what is going to determine if this goes ‘assigned’ or not. I thought the only way I could lose money on this was if Lucid dropped to less than $1 in the next month. Fidelity says my odds of profit are 15%.