SpaceX IPO (Page 5 of 7)
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At fidelity, Confirmed 200 and got 100 in my Roth. Confirmed more in my taxable account and so far have none. When I look at the ipo page my Roth confirmation is gone but my taxable account confirmation is still there, so hoping I’ll get some more. Interestingly, I confirmed my Roth within minutes of getting the email and confirmed my taxable account hours later so maybe it’s a first in first out for orders to be processed? Waiting for options to become available! |
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Originally Posted By SkiandShoot: Not sure what you are asking. The price is $135 during the allocation closing the book period, now. It will open trading after 9:30 am and predicating somewhere between live after 11:30 am -1:45 pm. See my posts above on predictions on the opening market public price. I only got a 28% of what I asked for from Etrade |
Then conquer we must, when our cause it is just,
And this be our motto: 'In God is our trust.'
And the star-spangled banner in triumph shall wave
O'er the land of the free and the home of the brave!
And this be our motto: 'In God is our trust.'
And the star-spangled banner in triumph shall wave
O'er the land of the free and the home of the brave!
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Originally Posted By 7: The doc's I read said the price might fluctuate before finalizing the IPO. Anyway, thanks. I only got a 28% of what I asked for from Etrade I got the same percent roughly. |
Callsign-ChuckYeager
That man is a homo and a liar-TrojanMan
Hell, a Ford just breaks down on you. It doesn't fall apart AND try to kill you at the same time-Bloodsport2885
That man is a homo and a liar-TrojanMan
Hell, a Ford just breaks down on you. It doesn't fall apart AND try to kill you at the same time-Bloodsport2885
| I think SPCL trading has halted - watching Stocky on Twitch. |
Then conquer we must, when our cause it is just,
And this be our motto: 'In God is our trust.'
And the star-spangled banner in triumph shall wave
O'er the land of the free and the home of the brave!
And this be our motto: 'In God is our trust.'
And the star-spangled banner in triumph shall wave
O'er the land of the free and the home of the brave!
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Originally Posted By Morgan321: I guess it’s all over except the crying. At Fidelity, only got 100 shares in my Roth and none in my taxable account. I still have a confirmed indication of interest showing in my fidelity account. I'm guessing that one isn't getting allocated. 
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| I wasn't able to get in on the IPO, but I got 100 shares at $150 sometime this morning. I set a stop limit of $150 before the open. I was mixed if it would rise or fall. Wish I would've bought more though. I was kinda surprised I was able to jump in on Fidelity. |
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picked up 228 shares at IPO Etrade about 28% of what i asked for got lucky and had a order in before opening of shares price limit of 150$ they all filled so now am sitting at 554 shares at a price point of 143.84 not everything i wanted but not bad and better then I expected my goal is 1000 shares in total but I am going to sit and watch this for a week or so and see what happens if it goes crazy high from here then oh well i got my 554 shares and i will be happy with that if it drops down then ill buy em up as it drops to the Moon baby! |
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Originally Posted By grendelbane: You expect the hype to die down? Maybe in a few years. I'm pretty new to this, but what happens once an IPO goes public? Does it always shoot up....or does it go down after the hype? Either way I made some money off SPCX Friday, and i'll reinvest it. |
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Originally Posted By BriansM4: I'm pretty new to this, but what happens once an IPO goes public? Does it always shoot up....or does it go down after the hype? Either way I made some money off SPCX Friday, and i'll reinvest it. It can go either way. Usually it shoots up first then drops later. SPCX is an unusual beast. I think it has already surprised a lot of people and will continue to do so in the future. |
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Originally Posted By 346ci: Do we believe $175 is a good price on this? I wasn’t able to get in the ipo and didn’t know it was going public that fast. The answer is yes, buy it weekly. I have some at $135 and some north of $175. I'm rolling into my whole position that I want to have. |
Callsign-ChuckYeager
That man is a homo and a liar-TrojanMan
Hell, a Ford just breaks down on you. It doesn't fall apart AND try to kill you at the same time-Bloodsport2885
That man is a homo and a liar-TrojanMan
Hell, a Ford just breaks down on you. It doesn't fall apart AND try to kill you at the same time-Bloodsport2885
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Originally Posted By 346ci: Do we believe $175 is a good price on this? I wasn’t able to get in the ipo and didn’t know it was going public that fast. I expect to see some profit taking at the end of the month when the IPO soft lockup period ends. Long term though I think $175 is going to look pretty good as a buy in price. |
Moderate-Length Barrel Evangelist
Joined:
Jun 2022
Posts:
4948
EE: 100% (11)
USA
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Originally Posted By Mugzilla: Robinhood: Put in for 30, got 1. Fidelity: Put in for 30, got 0. One share! Moon Lambos! I got four. I could have had two more. Hopefully it goes cheaper when people sell some off, I'll be ready. |
“Hokey religions and ancient weapons are no match for a 10mm at your side, kid.”
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Originally Posted By woodsie: Hype premium starting to come off today? I want to own some, but not at $2.33T in 2026. I think options trading on it started this week. Maybe a lot of puts being bought? IDK, I'm not an options guy and don't pretend to be. 
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Those who ignore history are doomed to repeat it..
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Originally Posted By woodsie: Hype premium starting to come off today? I want to own some, but not at $2.33T in 2026. SPCX is about to be added to a few funds which will force a large buy in. Could be a good buy in for retail right now. I see it climbing higher then in August when lock out periods end and more stock get released, it will correct once more. But not financial advice lol. No one knows for sure |
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Originally Posted By Waldo: I think options trading on it started this week. Maybe a lot of puts being bought? IDK, I'm not an options guy and don't pretend to be. Options started trading Tuesday morning. I have sold calls 3 times and covered twice. Thus I have reduced my cost basis from $135 by $5.65. (Tax nerds relax. I understand the IRS looks at it differently). Today’s short call would reduce that by another $0.38. Calls are selling well, though I haven’t looked closely this morning. The figures I gave above should be adjusted to account for the odd shares I couldn’t sell calls on. |
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Originally Posted By 4thbreak: Looks like it's almost back to IPO trading day territory. Pick some up or wait? I admit I was starting to get FOMO watching the IPO and the next day or so of trading... but then when I remembered that only 4% of all SPCX stock is available for open market trading and all these investors are fighting over these scraps... I'm waiting. There's millionaires and multimillionaires that are sitting on frozen SPCX that they simply can't unload yet. I'm waiting until those people sell to see what shakes out unless it falls well below IPO before then. |
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Constantly reading and hearing that $175 might be the true valuation. But that’s before pricing in mega upside, acquisitions, inclusion and FOMO. So it’s interesting that it’s settling in that range until the next push. July 6th or 7th. Then it might stabilize at a new level. I’d be buying but I’m reloading my powder. |
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Bought some more around $179 and sold $190 calls expiring next month against them for $1360. So I'll wind up owning the shares at $166 or making about $2400 profit per call in a month. The interweb says that nasdaq inclusion is around 6 July and the first quarterly earnings call hasn't been set, but will be late July or Early August. I guess I accept the assumption that nasdaq inclusion will increase demand and thus long option strategies expiring in July are the way to go. The earnings will be poor by conventional standards, but like other overvalued companies the impact on stock price will be tough to predict. |
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Originally Posted By Morgan321: Bought some more around $179 and sold $190 calls expiring next month against them for $1360. I like options on spacex because I'm a believer in them long-term, so I'm happy if I wind up with shares and I'm happy if I wind up profiting on the options. One thing I regret is not selling calls and puts ASAP because the premiums were insane. They're still good, but pale in comparison to what they were on the first and second day options were available. |
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Based on my rough numbers, QQQ alone will have to buy on the order of 20million shares of space x stock once it becomes part of the nasdaq index. That's about 10% of one day's volume for just one index fund. Any thoughts on how much demand index buying will create and how elastic (or not) space x stock price will be? Is it possible that indexes are already buying shares in an attempt to pre-empt the rush? Is that legal? I've googled but can't find any details. Seems like a good opportunity for a short-term profit via shares or selling puts. |