Key insights
- The user discusses selling SPCX puts on its first options trading day, noting lower-than-expected premiums despite a significant deal for Cursor AI. The user observes SPCX's rapid rise in market capitalization, surpassing major tech companies. The influence on the broader US market is neutral as this appears to be a specific options trade on a new, albeit large, entity, rather than a systemic market driver.
Woke up early before any indications on the SPCX maiden options trading day June 16, 2026. Pre open with SPCX still under 203, I placed multiple STO Put orders at 150 to 195 Strikes. Got filled at $8 for the 190 Puts. The premium was lower, much lower than I calculated hours before, especially with the 229 printed overnight.
I guess the premium may have halved due to the all stock $60 billion deal for Cursor AI, but that news was not at all un-expected. So now as I write this, SPCX has climbed to #4 market cap, ahead of Amazon and now Microsoft nearing $3 Trillion.