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Investor Duan Yongping sells 1,000 SpaceX put options, collects about $2.32 million

The trade was framed as support for Elon Musk's vision and would commit the investor to buy 100,000 SpaceX shares at $115 if exercised at expiry.

Summary

Investor Duan Yongping said he wanted to "support Elon Musk's dream" and shared a screenshot showing a sell-to-open trade in 1,000 SpaceX put options. The order involved contracts expiring on December 18, 2026 with a $115 strike and a $23.20 limit price, implying about $2.32 million in premium if filled and an obligation to buy 100,000 shares at expiry. Selling put options is commonly used by investors willing to acquire an asset at a predetermined price while earning upfront premium.

Terms & Concepts
  • put options: Contracts that can require the seller to buy an asset at a preset price if exercised.
  • sell-to-open: An options trade that opens a new short options position and collects premium upfront.
  • strike: The preset price at which the underlying asset may be bought or sold under an options contract.