BlockBeats reported on June 13, citing Jinshi, that SpaceX options contracts will begin trading next Tuesday, after the company’s shares started trading today. SpaceX raised $75 billion at a valuation of $1.765 trillion. Its shares opened at $150, above the IPO issue price of $135.
A spokesperson confirmed that the options will trade on exchanges including the Chicago Board Options Exchange, or CBOE, and Nasdaq. These derivatives give investors a way to take positions on the future direction of the stock, while also offering a tool to hedge against downside risk in the share price.
The report said the derivatives may see strong demand because they allow investors to bet on future stock moves or manage the risk of a decline. A surge in options volume may further increase demand for trading in the underlying shares.