SpaceX is racing back toward $150 — how to play a breakout with limited risk: Alpha Options Playbook

SpaceX (SPCX) has rebounded sharply, rising more than 40% from its Aug. 3 low near $105 and recently trading around $148. The article frames $150 as the key breakout level, since it matches SpaceX’s first public trade and a move above it could open the path toward the next resistance zone around $170, with heavier resistance in the $172-$180 area. To express a bullish view with limited downside, the piece highlights an October bull call spread: buying the Oct. 16 $150 call and selling the Oct. 16 $170 call. The strategy lowers the upfront cost from $1,725 to a net $700, with a breakeven near $157 and maximum profit of $1,300 if shares finish at or above $170. The article leans constructive on the stock near-term, but emphasizes the high options premium and the importance of timing given volatility and resistance overhead.