SpaceX ($SPCX) fell 16.43% in a single trading session, and a retail trader caught in bullish call options said an $18,000 college fund was effectively wiped out. A screenshot circulating on X shows the trader saying the money represented both tuition and personal savings.
According to the source material, SpaceX has seen sharp swings since its record IPO. On June 23, crypto KOL @Meta8Mate shared a screenshot of the trader’s post, which spread quickly across X. In that post, the trader said repeated “to the moon” talk led to an all-in options bet, only for the position to collapse after the stock sold off hard.
Stock closed at $153.62 after a $30.40 slide
The market data attached to the post showed Space Exploration Technologies Corp. ($SPCX) closing at $153.62, down $30.40 on the day. For buyers of call options, that kind of move can be brutal. Options carry built-in leverage, and a sharp one-day reversal can destroy premium value very quickly, especially when the position is concentrated.
The article ties the loss to market hype and FOMO. High-attention names like SpaceX tend to attract momentum-driven trading, and short-term price action often reacts strongly to crowd sentiment. Once the stock turns lower, one-sided bullish positions are usually hit first.
KOL points to July Nasdaq inclusion narrative
@Meta8Mate kept a relatively upbeat tone in the post, saying premarket action had already shown signs of a rebound. He also argued that $SPCX was still above its $135 IPO price and said there could still be room for speculation ahead of its expected inclusion in the Nasdaq index in July, driven by anticipated passive fund buying.
That view came from social media commentary rather than a formal company statement. The source does not provide additional market confirmation, but the discussion quickly moved beyond one trader’s loss and into a broader debate over thematic speculation and index-inclusion expectations.
Mockery and risk warnings split the reaction
Responses across the community were sharply divided. Some users mocked the decision to put tuition money into high-risk options. Others said the trader was simply paying for poor judgment. The tone was harsh, and the comments were blunt.
More experienced traders in the replies focused on position sizing instead. They warned that heavily watched tickers can be driven by emotion and narrative in the short term, making risk control critical. The source also notes that some commenters criticized buying heavily near $210 in the first place. The episode did not change the stock’s price path on its own, but it pushed the risks of volatile assets and derivatives trading back into plain view.