SpaceX Option Trade Could Return 23% Gavin McMaster June 17, 2026 2 min read SPCX Space Exploration Technologies Corp (SPCX) or "SpaceX" has exploded on to the scene following their record-breaking IPO. Implied volatility is through the roof at 111.18%, which means option premiums are very expensive. That can be a great scenario for option sellers.
More News from Barchart Dear SpaceX Stock Fans, Mark Your Calendars for June 16 Unusual Put Options Activity in Lam Research Stock Highlights Its Value Volatility Alert: 30 Stocks Showing a High IV Rank Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. SpaceX is a public spaceflight, telecommunications, and AI company that designs, manufactures, and launches advanced rockets and spacecraft, operating the world's leading launch service with a rapidly expanding Starlink satellite network.
Its mission centers on reducing spaceflight costs and ultimately enabling human settlement on other planets, supported by reusable launch vehicles and a dominant role in U.S. government and commercial space operations. Today, we're going to look at a bull put spread trade. A bull put spread is a bullish trade that also can benefit from a drop in implied volatility.
The maximum profit for a bull put spread is limited to the premium received while the maximum potential loss is also capped. To calculate the maximum loss, take the difference in the strike prices of the long and short options, and subtract the premium received. SPCX BULL PUT SPREAD SpaceX's expected move between now and July 17th is around 21.65% in either direction.
On the downside, that would put SPCX stock at around $158. In other words, the options market is expecting SPCX stock to stay above $158 between now and July 17th. To create a bull put spread, we sell an out-of-the-money put and then by a put further out-of-the-money.
Selling the July 17th put with a strike price of $155 and buying the $145 put would create a bull put spread. This spread was trading yesterday for around $1.90. That means a trader selling this spread would receive $190 in option premium and would have a maximum risk of $810.
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