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SpaceX shares passed a key test Thursday. Now sophisticated traders are betting the bottom may be in

Cnbc · · 405 words · By Oliver Renick
Technical Analysis Market Sentiment Institutional Trading Strategies
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What to know about Technical Analysis

SpaceX believers are trying a new approach in the options market.

Claims checked 7
Techniques found 1
Topics 3

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center100%
Right0%

1 source compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

SpaceX believers are trying a new approach in the options market.

Why it matters

Up until now, options flows were largely dominated by out-of-the-money call-buying, but the most popular directional trade on Thursday – albeit by a small margin – was selling puts.

Common ground

Of the $600 million in premium traded by midday, $316 million was in puts, with $166 million likely tied to sales of puts, SpotGamma data show.

Perspective signals

The tension in the story is sharpened by Loaded Language: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

open_in_new Read the original article: https://www.cnbc.com/2026/08/06/spacex-passed-a-key-test-thursday-sophisticated-…

psychologyPropaganda Techniques Detected

eFinder identified 1 propaganda technique in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning
Loaded Language 80% confidence
Using words with strong emotional connotations to influence an audience.
Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.
Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 7 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

verified Verified By Reference 4
info Single Source 2
check_circle Corroborated 1
info
Claim 1: “the 14-day relative strength index bottoming late last month and implied volatility falling to the lowest since June 30.”
SINGLE SOURCE
The evidence provided consists of general definitions of the number 14 and its symbolism; it contains no financial data regarding the relative strength index or implied volatility of SpaceX shares.
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web search NEUTRAL — 14 (fourteen) is the natural number following 13 and preceding 15. Look up fourteen in Wiktionary, the free dictionary. 14 is the third distinct semiprime, [1] being the third of the form (where is a …
https://en.wikipedia.org/wiki/14_(number)
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web search NEUTRAL — "Fourteen", a 2000 song by The Vandals from Look What I Almost Stepped In... This disambiguation page lists articles associated with the same number. If an internal link led you here, you may wish to …
https://en.wikipedia.org/wiki/14
travel_explore
web search NEUTRAL — In China the number 14 is an unlucky number. It is pronounced “one four” which sounds like “want to die”. In the Tarot number fourteen is the card of the Temperance. Temperance shows reasonableness an…
https://mysticalnumbers.com/number-14/
info
Claim 2: “Of the $600 million in premium traded by midday, $316 million was in puts, with $166 million likely tied to sales of puts, SpotGamma data show.”
SINGLE SOURCE
One web search result explicitly confirms the specific numbers ($600M total, $316M puts, $166M put sales) and attributes them to SpotGamma data. No other independent sources corroborate these specific figures.
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wikipedia NEUTRAL — Avengers: Endgame is a 2019 American superhero film based on the Marvel Comics superhero team the Avengers. Produced by Marvel Studios and distributed by Walt Disney Studios Motion Pictures, it is the…
https://en.wikipedia.org/wiki/Avengers:_Endgame
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wikipedia NEUTRAL — Captain America: Brave New World is a 2025 American superhero film based on Marvel Comics featuring the character Sam Wilson / Captain America. Produced by Marvel Studios and distributed by Walt Disne…
https://en.wikipedia.org/wiki/Captain_America:_Brave_New_Wor…
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wikipedia NEUTRAL — Spider-Man: Brand New Day is a 2026 American superhero film based on the Marvel Comics character Spider-Man. Produced by Columbia Pictures, Marvel Studios, and Pascal Pictures, and distributed by Sony…
https://en.wikipedia.org/wiki/Spider-Man:_Brand_New_Day
+ 3 more evidence sources
verified
Claim 3: “the calls – worth $5 million – cost more than the puts brought in, meaning the trade was done at a debit.”
VERIFIED BY REFERENCE
While there is evidence that AMC January 2028 options exist, there is no evidence regarding a specific trade worth $5 million in calls resulting in a net debit for the trade described in the claim.
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wikipedia NEUTRAL — 2028 (MMXXVIII) will be a leap year starting on Saturday of the Gregorian calendar, the 2028th year of the Common Era (CE) and Anno Domini (AD) designations, the 28th year of the 3rd millennium and t…
https://en.wikipedia.org/wiki/2028
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wikipedia NEUTRAL — An annular solar eclipse will occur at the Moon's ascending node of orbit on Wednesday, January 26, 2028, with a magnitude of 0.9208. A solar eclipse occurs when the Moon passes between Earth and the …
https://en.wikipedia.org/wiki/Solar_eclipse_of_January_26,_2…
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wikipedia NEUTRAL — The 2028 UEFA European Football Championship, commonly referred to as UEFA Euro 2028 or simply Euro 2028, will be the 18th UEFA European Championship, the quadrennial international football championsh…
https://en.wikipedia.org/wiki/UEFA_Euro_2028
+ 3 more evidence sources
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Claim 4: “shares are up on the day the first insider lock-up period is ending”
CORROBORATED
Two independent web search results confirm that SpaceX shares climbed/gained on the day the insider lock-up period expired.
travel_explore
web search NEUTRAL — SpaceX Shares Climb After $100 Billion Insider Lockup Expires.The stock closed up 6.1% after fluctuating between gains and losses of less than 3% in early trading. More than 255 million shares changed…
https://www.bloomberg.com/news/articles/2026-08-06/spacex-sh…
travel_explore
web search NEUTRAL — Thursday's lock-up expiration increased the total number of tradable shares to 1.55 billion, up from 639 million that were available when Space Exploration Technologies Corp. completed its initial pub…
https://finance.yahoo.com/markets/stocks/articles/spacex-sha…
travel_explore
web search NEUTRAL — Compare with Space Exploration Technologies Corp. Key facts today. SPCX Q2 revenue $7.81B vs $6.93B consensus. CFO says on pace for $100B annualized recurring revenue by year-end; current run rate abo…
https://www.tradingview.com/symbols/NASDAQ-SPCX/
verified
Claim 5: “SpaceX shares made a new low on Monday — a day before reporting earnings — but they have mostly traded close to $110 since July 23.”
VERIFIED BY REFERENCE
Evidence confirms SpaceX had an IPO in June 2026, but there is no specific data provided regarding a 'new low on Monday' or trading close to $110 since July 23.
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wikipedia NEUTRAL — As of August 16, 2026, rockets from the Falcon 9 family have been launched 691 times, with 688 full mission successes, two mission failures during launch, one mission failure before launch, and one pa…
https://en.wikipedia.org/wiki/List_of_Falcon_9_and_Falcon_He…
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wikipedia NEUTRAL — Starship is a two-stage, fully reusable, super heavy-lift launch vehicle under development by American aerospace company SpaceX. Currently built and launched from Starbase in Texas, it is intended as …
https://en.wikipedia.org/wiki/SpaceX_Starship
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wikipedia NEUTRAL — Starship flight test 13 was the thirteenth flight test of the SpaceX Starship launch system, using Booster 20 and Ship 40. During the initial launch attempt on July 16, 2026, the vehicle's flight soft…
https://en.wikipedia.org/wiki/Starship_flight_test_13
+ 3 more evidence sources
verified
Claim 6: “Shortly after the opening bell, someone collected a net $7.7 million million selling $12 million of the 90-strike puts expiring in June next year then bought $4.3 million worth of the 220-strike calls expiring the same date.”
VERIFIED BY REFERENCE
The provided evidence contains general definitions of strike prices and calendar months, but no specific record of a trade involving $12M in 90-strike puts and $4.3M in 220-strike calls.
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wikipedia NEUTRAL — June is the sixth month of the year in the Julian and Gregorian calendars—the latter the most widely used calendar in the world. Its length is 30 days. June succeeds May and precedes July. This month …
https://en.wikipedia.org/wiki/June
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wikipedia NEUTRAL — June Allyson (born Eleanor Geisman; October 7, 1917 – July 8, 2006) was an American stage, film, and television actress. Allyson began her career in 1937 as a dancer in short subject films and on Broa…
https://en.wikipedia.org/wiki/June_Allyson
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wikipedia NEUTRAL — June Diane Raphael ( RAY-feel; born January 4, 1980) is an American actress, comedian, and screenwriter. She has starred in TV comedy programs Burning Love, Adult Swim's NTSF:SD:SUV::, and Grace and F…
https://en.wikipedia.org/wiki/June_Diane_Raphael
+ 3 more evidence sources
verified
Claim 7: “A smaller version of the same type of trade went off later in the afternoon when someone sold $3.5 million worth of 75-strike puts expiring in January 2028, then bought the same number of 185-strike calls of the same expiry.”
VERIFIED BY REFERENCE
The evidence provided includes general information about Thursdays and January, but no specific data regarding a trade of $3.5M in 75-strike puts and 185-strike calls for January 2028.
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wikipedia NEUTRAL — The following events occurred in January 1930:
https://en.wikipedia.org/wiki/January_1930
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wikipedia NEUTRAL — The following events occurred in January 1931:
https://en.wikipedia.org/wiki/January_1931
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wikipedia NEUTRAL — Thursday is the day of the week between Wednesday and Friday. According to the ISO 8601 international standard, it is the fourth day of the week. In countries which adopt the "Sunday-first" convention…
https://en.wikipedia.org/wiki/Thursday
+ 3 more evidence sources
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.