Author argues SPCE's elevated implied volatility makes selling covered calls on shares more attractive than buying OTM calls, framing SPCE as a premium-harvesting play.
SPCE β LONG The author argues SPCE's implied volatility is so high that deep OTM calls cost as much as large blocks of shares, making them attractive to sell rather than buy. He recommends buying SPCE shares and writing covered calls, citing an example of buying 100 shares of a $7 stock and selling a $10 call for nearly $3, capturing roughly 40% immediately plus potential upside. He expects high volume and spreads to attract big players into the shares, and warns those who think the move is done are mistaken.
Rather than recklessly speculating on OTM calls in SPCE, instead buy the shares and capture the Vol premiums. Yes, write covered calls a classic options strategy.
This Reddit post, published June 01, 2026, features u/Base-Case2169 discussing SPCE. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/Base-Case2169 · Tickers: SPCE