Duan Yongping SpaceX Options and Shares Yield $5.4M Paper Profit

Duan Yongping executes SPCX put sale and share buy, generating $5.458M unrealized gains in 20 days as stock rallies to $140.

Woofun AI data shows that Duan Yongping executed two SpaceX (SPCX) transactions over approximately 20 days, resulting in $5.458 million in paper profits. On July 24, he sold 1,000 put options expiring December 18, 2026, with a $115 strike price at $23.26 per contract, securing $2.326 million in premium income. On August 5, he purchased 100,000 SPCX shares at $108.68 each. With the latest closing price at $140, the equity position holds $3.132 million in unrealized gains. Although the premium is recorded, the put obligation remains active; if SPCX falls below $115 before expiration, he must purchase shares at the strike price. SPCX has experienced notable volatility since its June listing, peaking above $200 before dropping to $105. The stock recovered to $140 in August as lockup expiry impacts proved weaker than anticipated and risk sentiment improved.