SpaceX ipo is June 12 (friday)
important dates:
june 8 - 10 (monday - wed): allocation days
- underwriters decide how many shares of spacex each fund gets
- if a fund gets a shit ton of shares they have to pay the banks by thursday night
- because of that they'll prob need to raise cash, so some funds may sell space stocks and other positions
june 11: pricing night
- after market close (4pm) they announce the official ipo price
june 12: ipo day
- spacex starts trading
- could be at market open, could be like 11am,
june 15 - july 2
- spacex enters the nasdaq 100
- qqq/spy and other index funds become forced buyers
- could cause a pretty broad rally across the market
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plays:
june 8 market open
- buy june 19 ASTS puts, small size
- further expiry to avoid getting completely screwed by june 11 IV crush
june 11 market close
- close the june 19 puts
- buy ASTS puts expiring june 12
june 12 market close
- close the ASTS puts end. of day assuming (hope is selloff)
june 22
- gives about a week for everything to cool off
- buy LEAPs on RKLB/ASTS
- when spacex enters the NQ100 it should create a pretty broad rally and drag most space stocks up with it
- timing is annoying because they can technically enter anytime before july hence leap