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How Day Traders Are Using the SpaceX Post-IPO Gamma Pin
Season 2
Episode 61
Published 1 month, 4 weeks ago
Description
SpaceX stock has been a roller coaster since its IPO, with the stock down more than 12% from its first-day close. But Lucas and Luna explain how professional day traders are using the options gamma pin near $180 to scalp intraday reversals. They walk through a concrete example: buying the $180 weekly put when the stock was at $196, then flipping to a call when gamma pinned the price back to $182. They also discuss how the elevated VIX at 16.78 and the Russell 2000's 0.9% weekly drop are creating a risk-off environment that amplifies single-stock gamma effects. If you're watching SpaceX stock on your screen, this episode gives you a specific setup to look for tomorrow morning.