Don't Chase the SpaceX IPO. Trade Google Instead. Here's the Defined-Risk Setup.

You cannot get SpaceX shares. Or maybe you just do not want to buy an IPO at any price. Tom Preston has a different idea. Google owns 6 to 7 percent of SpaceX and that stake could be worth over $100 billion if the IPO goes well. That makes Google a legitimate proxy for the SpaceX trade with one major advantage: it already has liquid options. The call skew in Google is showing the market sees upside risk right now. The 365 calls are trading at $12.15 versus the 345 puts at $9.20. That is steep. Tom sells the 345/350 put spread for $1.92 credit with a $305 capital requirement and a 71 percent probability of making half the credit before expiration. Sixty cents of theta per day. This is not a trade recommendation. It is a framework for thinking about SpaceX exposure through a name that is already tradeable. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:00 SpaceX IPO and why Google is the proxy 1:00 Google owns 6 to 7 percent of SpaceX 2:00 What happens to Google if SpaceX blows up 2:35 How to read call skew direction in Google options 3:50 The 345 puts vs 365 calls: steep call skew explained 5:05 Why not just buy the stock or sell a naked put 5:38 Building the 345 350 put spread live 6:08 $305 capital, $1.92 credit, 71 percent probability 6:48 Is this a guarantee Google goes up? No. Here is the frame #SpaceXIPO #Google #OptionsTrading #TomPreston #tastylive #CherryBomb #PutSpread #CallSkew tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided