June 16, 2026, Little Cold Day Diary, discussion about buying
$SPCX at 160 or going long, and the rise to $400 (options and leverage). What caused the big jump on the first trading day?
First of all, the signing of the US-Iran agreement boosted the overall market sentiment, roughly because the agreement involved the resumption of traffic through the Strait of Hormuz, and then the route was open again, no need to detour to send oil, reducing costs, and naturally oil prices fell.
We can understand that falling oil prices mean lower energy costs, which then leads to a rise in the stock market (the transportation costs of commodities are not as high). This also drives markets like
$BTC .
SPCX, which was bottomed out at 160, saw a surge of 20%. Coincidentally, last night around 1 a.m., I wrote an article roughly saying that it’s still cheap to buy the dip at current prices, with room for growth.
Getting back to the main topic, about the discussion of reaching $400? Mainly, ZeroHedge posted on social media that after SPCX options open, gamma squeezing might be triggered, pushing SpaceX’s stock price to $400.
The reason should be that SpaceX’s stock is a bit special. Many people think SPCX’s market cap is too high now, so how can it keep rising? What about selling pressure? But we need to know that SpaceX’s official announcement confirmed the IPO issuance quantity and over-allotment arrangements. Compared to the company’s overall valuation, the initial free float is still quite low, plus the market enthusiasm and Musk’s narrative I mentioned yesterday, among other factors.
With fewer freely tradable shares, opening options adds leverage. Retail investors have more choices—if they don’t buy stocks, they buy call options (which can be understood as leveraged contracts). Market makers, to control risk, have to buy stocks, causing the stock price to rise and continue adding positions. Then, as it rises, more people buy in, creating a spiral of upward momentum—left foot stepping on the right foot, soaring into the sky.
Additionally, in the past two trading days, retail investors have been the top buyers. Scarcity makes things valuable. The emergence of virtual currency market stocks and tokens has entered the market. Originally, the float was small, and everyone is rushing to buy—does this remind you of something? The last similar situation was in February, caused by large silver options expirations leading to silver price increases. The difference is that silver is inert, while SPCX is active, and the market circulation isn’t that large. Plus, it’s related to current space exploration and infrastructure, which are still in their early stages. The prospects are broad, and more businesses may develop to help Musk achieve his goal of over $1 trillion in revenue by 2031.
#我的Gate交易时刻 But this is just a possibility. We don’t necessarily have to sell at the peak; we can sell steadily at the halfway point and then slowly exit.
