Options Traders Expect SpaceX Stock to Swing 10% Next Week

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Options traders expect SpaceX stock to swing 10% in either direction next week through Friday, implying a potential low of $166 or a rise to about $204 from its Thursday close of $185. The stock, which closed over 40% above its IPO price but off record highs around $225, could see catalysts including index inclusion and the first wave of research reports. Index providers such as CRSP and S&P Dow Jones Indices may add the stock to some indexes as soon as Monday, with others like FTSE Russell and MSCI potentially following by month-end, a move that often boosts prices as tracking funds buy shares. Additionally, the 10-day quiet period following the June 11 IPO pricing ends Monday, allowing analysts at underwriting banks to publish initiation reports, joining Oppenheimer's early $190 price target.

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