SpaceX stock is taking off again, but with one key difference this time
Traders are assigning less than a 50% chance SpaceX touches $225 at any point between now and July, according to options pricing.
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Traders are assigning less than a 50% chance SpaceX touches $225 at any point between now and July, according to options pricing.
Odds tumbled after a jobs report showed a soft labor market, leading more traders to lower the the chances of a fed funds rate increase this month.
The higher odds come after the artificial intelligence company reportedly warned investors in its IPO prospectus that its models could be dangerous.
The higher-than-consensus expectations are a bet that the U.S. had another strong month of job growth.
The relentless surge in rates is breaking the back of two key macro trades that had been holding firm.
Meta's latest consumer AI product is sending such big shockwaves through the market that it's even inflaming a long-time rivalry in the brokerage business.
Options activity shows traders anticipate fresh highs are around the corner for a handful of names.