📈 SPCX Options — Complete Trading Guide
SpaceX options went live TODAY June 16! Everything you need: options chain, strategies, the ProShares 2x SPCF ETF, and the best brokers. Updated in real-time.
🎉 SPCX Options Are LIVE!
SPCX Options Went Live Monday June 16
Standard equity options on SPCX (SpaceX) are now live as of Monday, June 16, 2026 — 4 days after the historic IPO. The options chain is available on all major brokerages.
- Ticker: SPCX on NASDAQ
- Current Price: ~$167 (up 24% from IPO)
- Options Type: Standard American-style equity options
- Expiration Cycles: Weekly, monthly, and LEAPS available
- Current IV: Extremely high (100%+) due to IPO volatility
ProShares SPCF — 2x Leveraged SPCX ETF
ProShares is expected to launch SPCF, a 2x daily leveraged ETF targeting SPCX. This means if SPCX goes up 5% in a day, SPCF aims to go up 10%. Warning: 2x leveraged ETFs suffer from daily rebalancing decay — they are designed for short-term trades (days/weeks), not long-term holding.
Trade SPCX on Robinhood (Free) →🏦 Best Brokers for SPCX Options
Robinhood — $0 Commission Options
Robinhood offers $0 commission on options trades with a $0.03/contract fee. SPCX options will be available from Day 1 (June 16). Best for beginners — clean interface, instant deposits, fractional shares. You need Level 2 options approval for basic strategies.
Open Robinhood Account →Futu / Moomoo — Best Interface for HK & US Options
Futu/Moomoo is the top choice for Chinese-speaking investors. Supports both HK and US options markets with a professional-grade interface. Low commissions (US$0.65/contract), real-time Greeks, and options chain analysis tools. Use referral code SBTWGA8N for a free stock bonus.
Open Futu/Moomoo Account →Interactive Brokers — Lowest Margin Rates
IBKR offers the lowest margin rates in the industry (5.33% vs 9%+ elsewhere) and the most advanced options tools. Best for experienced traders who want portfolio margin, complex multi-leg strategies, and access to SPCX options globally. US$0.65/contract.
Open IBKR Account →eToro — Options for Global Traders
eToro supports 30+ countries and offers options trading for SPCX. Features include copy trading (follow top options traders), social trading feed, and an intuitive mobile app. Great for international investors who want to trade SpaceX options.
Join eToro →Risk Warning: Options on IPO stocks are extremely volatile. SPCX options will likely have implied volatility (IV) of 100%+ meaning you're paying a massive premium. Options can expire worthless — you can lose 100% of your investment. Never trade options with money you can't afford to lose. This is not financial advice.
📊 SPCX Options Strategies
Given SPCX's extreme volatility as a fresh IPO, here are 4 strategies ranked by risk level:
🔵 Cash-Secured Put
Idea: Sell a put at a price you'd love to own SPCX. If it drops to that level, you buy it at a discount. If not, you keep the premium.
Example: Sell SPCX $120 Put, 30 DTE. If SPCX stays above $120, you keep ~$5-8 premium. If it drops below $120, you buy SpaceX at an effective cost of $112-115.
Best for: Investors who want to buy SpaceX at a lower price.
🟡 Bull Call Spread
Idea: Buy a call at a lower strike, sell a call at a higher strike. Limits both your cost and your max profit.
Example: Buy SPCX $140 Call / Sell SPCX $160 Call, 30 DTE. Max profit: $20 spread minus premium paid (~$6-8). Max loss: premium only.
Best for: Defined-risk bullish bet with limited capital.
🟡 Long Call (Debit)
Idea: Buy a call option for leveraged upside. If SPCX runs to $160+, your $140 call could 2-3x.
Example: Buy SPCX $145 Call, 45 DTE for ~$8-12. Breakeven at ~$153-157. If SPCX hits $170, call worth $25+ (2-3x return).
Best for: High-conviction bulls willing to lose the full premium.
🔴 Long Straddle
Idea: Buy both a call and a put at the same strike. Profits from a big move in EITHER direction.
Example: Buy SPCX $135 Call + $135 Put, 14 DTE. Total cost: ~$15-20. Needs SPCX to move past $115 or $155 to profit.
Best for: Expecting massive volatility but unsure of direction.
📋 SPCX vs Other 2026 IPO Options
| Stock | IPO Price | Options Available | Expected IV | Risk Level |
|---|---|---|---|---|
| SPCX (SpaceX) | $135 | June 16 ✓ | 100-150% | Very High |
| Anthropic (ANTH) | TBD (~$900B) | TBD (Q3-Q4) | 80-120% | High |
| OpenAI (OAI) | TBD (~$1T) | TBD (2026-27) | 80-120% | High |
| Cursor (CRSR) | TBD | TBD | 70-100% | Medium |
💡 SPCX Options Key Numbers
❓ Frequently Asked Questions
When do SPCX options start trading?
SPCX options begin trading on Monday, June 16, 2026 — 4 days after the IPO. Most brokerages will have the options chain live by market open (9:30 AM ET). Some brokers may have it available the evening before for preview.
What is the ProShares SPCF ETF?
ProShares is expected to launch SPCF, a 2x daily leveraged ETF targeting SPCX. If SPCX goes up 5% in a day, SPCF aims for 10%. Warning: leveraged ETFs suffer from daily rebalancing decay. They are designed for short-term trades (days to weeks), not long-term holding. Over months, the 2x leverage erodes.
Can I trade SPCX options on Robinhood?
Yes. Robinhood supports SPCX options starting June 16. You need Level 2 options approval (covered calls and long puts/calls). Robinhood charges $0 commission with a $0.03/contract fee. Approval takes 1-2 days — apply now if you haven't already.
What are the best SPCX options strategies?
For a volatile IPO stock: 1) Cash-secured puts to buy the dip at lower prices. 2) Bull call spreads for defined-risk upside bets. 3) Long calls for leveraged bullish exposure. 4) Straddles if expecting big moves either direction. Always size positions small (2-5% of portfolio max) and use stop-losses.
Is SPCX options trading risky?
Extremely. IPO stocks swing 20-40% in the first month. Options amplify this. With expected IV of 100%+, premiums will be very expensive. Options can expire worthless — you can lose 100% of your investment. The $1.77T valuation is ~94× revenue, leaving little room for error. Never trade with money you can't afford to lose.
What's the SPCX options chain going to look like?
Based on SPCX at $135, expect strikes in $5 increments ($120, $125, $130, $135, $140, $145, $150, etc.) with weekly and monthly expirations. At 100% IV, an at-the-money $135 call with 30 days to expiration would cost approximately $10-14 per share ($1,000-1,400 per contract). The exact chain will be visible Sunday evening on most brokerages.
Should I buy SPCX stock or options?
Stock is simpler and has no expiration. Options give leverage but are riskier. For most investors: buy shares first, then use options for tactical positions. If you have $5,000 to invest, consider $3,500 in shares and $1,500 in options. Never put more than 20-30% of your SpaceX allocation into options.
🔗 Related Pages
🔔 Get SPCX Options Alerts
We track SPCX options flow, unusual activity, and price targets in real-time. Get alerted to high-conviction options trades before they move.
Join TrendPulse Signals — $29/mo →Includes all IPO alerts, options signals, and market analysis. Cancel anytime.
Disclosure: Some links on this page are affiliate links. We may earn a commission at no cost to you. This is not financial advice. Options trading involves significant risk of loss. Past performance is not indicative of future results. Always do your own research. Prices as of June 14, 2026.