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Space Exploration Technologies Corp. (SPCX) ("SpaceX") showed huge, unusual put options volume on Friday, over 82 times the prior volume, in an out-of-the-money (OTM), i.e., lower, strike price. Is this a way to buy SPCX cheaper and get paid?
SPCX closed at $152.71 on Friday, Sept. 18. That's up from a recent low of $108.27 on Aug.5. However, as the chart below from Barchart shows, SPCX is close to its opening IPO price of $150 on June 12 and its closing price that day of $160.95.
