Considering an options play on RKLB into earnings and wanted to see what this community thinks.
Bull case:
Pretty straightforward. Neutron development milestones, growing launch cadence with Electron, and the space economy tailwinds is going nuts for a while. Institutional interest has been building and any positive surprise on revenue or bookings could make it rip.
Bear case:
The stock already runs into every earnings and then fades once the hype settles. Profitability is still a ways out and they're burning cash on Neutron development. If guidance comes in light the selloff could be ugly.
What's everyone else doing? Are you holding through earnings, have a directional bet, or sitting this one out? Curious what the general sentiment is and if anyone has dug into the expected move from the options chain.
Position: 20 x $80 May 8 calls