SpaceX Options Volume Reaches 2.17M Contracts as Call Buying Surges

By EC Assets · Published 21 October 2026

SpaceX options trading expanded sharply as call contracts dominated market activity, pushing total volume to 2.17 million contracts. The heavy derivatives volume coincided with a 9.96% jump in SpaceX equity following a quarterly earnings beat. Gains in the stock, together with advances in Super Micro, bolstered overall artificial intelligence sentiment across the broader market and helped the Nasdaq 100 climb 1.34%. Bullish positioning stood out across the options chain during the session. The 330-dollar-strike call contract has remained the single most popular instrument among SpaceX options bulls over recent weeks. Demand for that specific contract persisted even as the underlying share price experienced declines, because falling share prices made the call options cheaper to purchase. Some traders on Wall Street took positions reflecting expectations that SpaceX stock could triple within the current week. The equity advance also followed public remarks by Elon Musk concerning a prospective corporate combination with Tesla. Musk described a merger between SpaceX and Tesla as a "good idea" and hinted at a closer tie-up between the two businesses. The discussion regarding a potential transaction comes as earnings for Tesla loom, drawing heightened scrutiny to both companies. The activity in SpaceX shares and options takes place against the backdrop of expanding defense relationships that are altering competitive dynamics across the aerospace industry. Pentagon contracts focused heavily on SpaceX have left rival satellite and defense manufacturers feeling squeezed. Satellite company York Space Systems Inc. which conducted an initial public offering earlier this year, specifically told prospective investors during its offering that securing a share of the 185 billion dollar Golden Dome missile defense project would fuel its business expansion. Public attention around SpaceX equity has also increased following remarks by Musk regarding broader share distributions. Musk pledged to give a SpaceX share to every child in America, an assertion that met with skepticism given his long record of statements that bear little relation to reality. Meanwhile, Altimeter's Gerstner stated that a separate SpaceX stock gift from Musk represents only the tip of the iceberg for Trump Accounts. The broader technology market reflected the positive momentum generated by the company's results and artificial intelligence sentiment. The Nasdaq index gained more than 1% during the trading day, supported by the concurrent advances in SpaceX and Super Micro. Market participants are monitoring the upcoming Tesla earnings announcement following Musk's commentary regarding a potential merger. Developments surrounding allocations under the 185 billion dollar Golden Dome missile defense program also remain an area of focus for competing aerospace contractors. This article is intended for informational purposes only. It does not constitute investment advice.