SpaceX options trading debut draws record volume as investors chase rocket stock

SpaceX options debuted with record trading volume, with over 869,000 contracts changing hands by late morning and calls leading puts 1.5-to-1. The stock climbed more than 14 percent on the day, pushing its valuation past Amazon and briefly above Microsoft to enter the top five most valuable companies. Analysts described the event as a gamma squeeze driven by heavy bullish demand and limited share float.