SpaceX Options Frenzy Sparks Talk Of Gamma Squeeze To $400

SpaceX (SPCX) options trading launched Tuesday with massive volume, sparking predictions of a potential gamma squeeze to $400. Analysts cite extreme conditions including a thin 3-5% tradable float, no established pricing history, and expected $22-27 billion in forced index buying. Despite being unprofitable with a $4.28 billion Q1 loss, demand remains sky-high with 500,000 contracts traded in the first hour. Options exchanges and retail brokers stand to benefit significantly from the activity.