Bullish SPCE call-option thesis into the June 12 SpaceX IPO ticker-confusion catalyst after the June 10 dilution redemption settles.
SPCE — LONG Author argues long Virgin Galactic via a $6 call expiring 6/18 because the dilution overhang resolves June 10 when the VWAP-settled note redemption settles and arbs cover, two days before the June 12 SpaceX IPO under ticker SPCX. He expects retail to default to the accessible space ticker SPCE due to autocomplete and ticker/theme proximity, treating today's 25% dump as peak fear. Stated risks include the death spiral intensifying if VWAP keeps falling, IPO confusion not materializing, more redemptions, and post-IPO IV crush neutering the options play.
Holding 1x SPCE $6C 6/18, entry $1.04, currently underwater at $0.67. Small position, sized to lose.
This Reddit post, published June 02, 2026, features u/urbansand discussing SPCE. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/urbansand · Tickers: SPCE