SpaceX $330 calls dominate options ahead of earnings and amid short interest surge

Ahead of SpaceX’s first earnings report, the options market is showing an extreme bias toward calls, driven by a very large $330 strike position—about three times the stock’s current price. The positioning suggests a market split between speculative upside bets and hedging activity, especially among short sellers seeking protection against a sharp rally while maintaining bearish exposure. Despite the call-heavy setup, the article notes elevated short interest and increased put activity, underscoring unusually high expected volatility around the earnings debut. The options market is currently pricing an implied post-earnings move of roughly 14%, which translates to an estimated trading range of about $94 to $126 if the stock reacts in line with expectations. Overall, the setup points to a highly contested event with major attention on how investors price SpaceX’s growth and valuation ahead of results.