No. of Recommendations: 4
buy
That's probably not bad advice, either. SpaceX is many things, but one of them is the world's biggest meme stock. So "up" is certainly possible.
So how to make a buck? I can imagine pretty good odds that the price won't stay at or very near its current levels. It will change. So maybe a long option strangle? With that strangle you make a whole lot of money if the price goes up a lot, and a whole lot of money if it goes down a lot, but lose a finite moderate amount if it stays in a tight range.
Or, similarly, a short put condor. The gains on big stock moves up or down are bounded, but the loss in the middle is smaller.
Jim
