Duan Yongping, posting under the Xueqiu account name "大道无形我有型," said he wanted to "show support for Elon Musk's dream" and shared a screenshot of a SpaceX options trade. The screenshot showed an order to sell to open 1,000 SpaceX (SPCX) put contracts with a $115 strike price and a Dec. 18, 2026 expiration, at a limit price of $23.20. If fully executed, the trade would collect about $2.32 million in premium.
The position would also leave the seller obligated, at expiration, to buy 100,000 shares of SpaceX at $115 per share. Odaily noted that selling puts is commonly viewed as a bullish-leaning strategy. In practice, it shows the investor is willing to buy the underlying asset at a preset price while using the option premium received to reduce the potential entry cost.
Odaily reported that Duan Yongping, posting under the Xueqiu account name "大道无形我有型," wrote that he wanted to "show support for Elon Musk's dream" and shared a screenshot of a SpaceX (SPCX) options trade.
The screenshot showed an order to sell to open 1,000 SpaceX put contracts expiring on Dec. 18, 2026, with a $115 strike price and a limit price of $23.20.
Key details shown in the order
If the full order is filled, the trade would bring in about $2.32 million in premium. In exchange, the seller would take on the obligation to buy 100,000 shares of SpaceX at $115 per share at expiration.
Odaily added that selling puts is usually seen as a bullish-leaning strategy, as it shows a willingness to buy the underlying stock at an agreed price while collecting premium to lower the potential cost of building the position.
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