Wintermute completes first SPCX OTC options trade tied to SpaceX listing

The firm said on X that the deal follows its earlier first single-name stock CFD trade using SpaceX, which it identified as SPCX after a Nasdaq listing.

Summary

Wintermute said it has completed its first SPCX OTC options trade, marking another step in its expansion into equity-linked over-the-counter products. The firm described SPCX as SpaceX’s stock code after a Nasdaq listing and said the trade follows an earlier first single-name stock CFD (contract for difference, a derivative that pays the price gap) transaction with SpaceX as the underlying asset.

Terms & Concepts
  • OTC options: Privately negotiated options traded off-exchange.
  • CFD: Contract for difference, a derivative on price moves.
  • single-name stock: A derivative tied to one company’s shares.