SpaceX Corp (SPCX) stock has fallen below its $150 IPO price, but institutional investors likely sold a massive volume of SPCX put options at $80.00. That is $74 below today's price, expiring almost 2.5 years from now.
SPCX is down slightly today at $149.00, as it continues to drop below its original $150 IPO price less than a month ago on June 12. It's also below the first day trading closing price of $160.95.