Author explains a defined-risk bullish options trade on Virgin Galactic with multiple upcoming catalysts.
Unpriced research observations (excluded from Calls and Returns):
SPCE — LONG Author is buying 10 call options on Virgin Galactic expiring January 2028 as a cheap bullish bet with a hard maximum loss of $1,500 and large upside if the stock rises. The trade is directional on SPCE shares; profit scenarios depend on the stock price, not option premium harvesting. Catalysts cited include expected reopening of ticket sales in 2-3 months, a new spaceship reveal coming very soon, and commercial flights targeted for about 9 months from now. Main stated risk is the stock dropping to zero, losing the entire premium. ambiguous_option_contract
Buying 10 call options on Virgin Galactic expiring January 21, 2028 — this isn’t really “trading” in the usual sense.