In r/wallstreetbets, traders pitch a run up trade into a rumored June SpaceX IPO, arguing related names like Virgin Galactic could spike on retail frenzy and urging short dated calls with plans to sell quickly on green.
As we get closer and closer to the IPO in June, the media coverage and retail frenzy will only get crazier and crazier
Strategy: Ride the SpaceX IPO "sympathy play" hype train before the news drops.
Ticker: SPCE (Virgin Galactic)
Hopium Level: 400-Bagger
$7 might be nuts but some $4 or $5 calls for a month or two out might make money if your actually sell when they turn green.
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