Elon Musk stocks take $1.5 trillion hit with fresh test in SpaceX lockup ahead
📰 source: cnbc_topnews · 📊 technical
elon musk's companies have lost a combined $1.5 trillion in market value since mid-june — spacex down 50% from its high and tesla off 18% since earnings last week. next week could get wilder: spacex reports earnings on tuesday and ends its lockup period two days later, letting insiders sell shares early. options pricing suggests a 15% swing post-earnings, with implied volatility at 122 — higher than every s&p stock except sandisk. traders have bought 100,000 calls on tuesday vs 46,000 puts, but big-money players are more cautious, with the largest trade being $8.7 million of november 130-strike calls. the early lockup means volatility may stay elevated after earnings, a tricky setup for options traders who usually see vol drop post-report.
why it matters: spacex earnings and lockup create rare double trigger for volatility, with insiders able to sell before the typical quiet period.
source: cnbc_topnews
sentiment: -0.70 · impact: 0.80