Odaily Planet Daily reports that Xueqiu user "Da Dao Wu Xing Wo You Xing" (Duan Yongping) posted, "Support Musk's dream," and shared a screenshot of a SpaceX (SPCX) options trade.
The screenshot shows an intention to sell to open 1,000 SpaceX put options expiring on December 18, 2026, with a strike price of $115, at a limit price of $23.20. If fully executed, this would generate approximately $2.32 million in premium income and obligate the seller to purchase 100,000 shares of SpaceX stock at $115 per share upon expiration.
Odaily note: Selling puts is generally considered a bullish strategy, meaning investors are willing to buy the underlying stock at a predetermined price while reducing their potential entry cost by collecting premiums.