Bullish
SPCX $100 Put Open Interest Surges to 50K Contracts Ahead of Expiry
2026-08-06 10:10
Heavy bearish positioning emerges as SPCX $100 put OI hits 50,158 contracts with a 10.78 P/C ratio, signaling strong downside hedging ahead of Friday's expiry.
Woofun AI data shows that open interest in SpaceX (SPCX) $100 strike Put options expiring on August 7, 2026, has risen to 50,158 contracts, marking one of the highest current options positions. Call option open interest at the same strike stands at 4,655 contracts, resulting in a Put/Call ratio of 10.78, which reflects significant market positioning for downside protection or bearish bets. SPCX closed at $108.27 at the end of yesterday's U.S. trading session, representing a decline of more than 13%.
WOOFUN AI
Impact Assessment · Quick Read
The extreme Put/Call ratio of 10.78 suggests intense bearish sentiment or aggressive hedging activity ahead of the weekly expiry. Such concentrated positioning at the $100 strike could lead to elevated volatility or pinning effects as expiration approaches. Market participants should monitor whether this represents genuine directional betting or risk management following the recent 13% drawdown.
Generated by WOOFUN AI · For reference only, not investment advice
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