Duan Yongping Sells 1,000 SpaceX $115 Puts, Order Submitted at Limit Price of $23.20, Estimated Total Approximately $2.3198 Million
Notable investor Duan Yongping has sold 1,000 SpaceX (SPCX) put options with a strike price of $115, expiring on December 18, 2026.
The order was submitted at a limit price of $23.20, with an estimated total of approximately $2.3198 million, aimed at supporting Musk's dreams and positioning for a dip.
This operation is event-driven, with option premiums flowing in and potential delivery, directing funds towards a long position in SpaceX, benefiting narrative holders of SpaceX while putting pressure on short-term bearish positions.
Source: Public Information
ABAB AI Insight
Duan Yongping previously stated he would sell puts on SpaceX and Tesla to position for AI-related assets. The execution of 1,000 contracts shows a shift from planning to action.
In terms of capital strategy, by selling deep out-of-the-money or at-the-money puts, he collects high premiums, and if the stock price drops, he can acquire shares at a lower price, shifting resources from cash and government bonds to high-volatility growth stocks, motivated by using options strategies to lower entry costs.
Similar cases can be seen in his past options operations on targets like Apple, currently in a phase where value investors participate in the expansion of AI and space narratives using derivatives.
Essentially, this is a concentration of capital, with the mechanism being that selling puts converts idle funds into potential equity exposure while also capturing time value gains.
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