SpaceX options quickly became one of the most actively traded contracts in the U.S. on June 16 as the stock climbed as much as 17% in early trading on its third day after listing, according to Bloomberg. By 10:35 a.m. New York time, options volume had surpassed 600,000 contracts and three-month implied volatility rose to about 110% to 115%, with the $220 call expiring Thursday the most actively traded contract. Earlier, financial blog Zerohedge, cited by BlockBeats, had argued that the launch of options could drive SPCX into a gamma squeeze toward $400 and briefly lift its market value above Nvidia, reflecting broader speculative interest in out-of-the-money call options.