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Hedging My SpaceX Position For A Potential Downside With $SNK

BULLISH by u/LongTermStocks | Jun 16, 2026 | 1↑ 0 comments | 54 views | VIEW ON REDDIT

$SPCX$SNK

$SPCX SPACE EXPLORATION TECHNOLOGIES INDUSTRIALS EQUITY SIMULATION

$147.79

-0.16 (-0.11%)

LAST PRICE · 15 MIN DELAY

DAY CHG -0.11%

5D CHG -5.59%

30D CHG +3.91%

$SNK GRANITESHARES 2X SHORT SPACEX D EQUITY SIMULATION

$21.17

+0.41 (+1.97%)

LAST PRICE · 15 MIN DELAY

DAY CHG +1.97%

5D CHG +54.86%

AI SUMMARY — The author owns SpaceX stock (SPCX) and is bullish long-term but purchased SNK (a 2x inverse SpaceX ETF) as a hedge after significant gains to protect against potential profit-taking pullbacks. This is a risk management strategy that allows them to maintain their core long position while limiting downside exposure.

TICKER	SPCX	USER	u/LongTermStocks
RATING	BULLISH	ENTRY	$187.50
POSITION	26 sh SYN	BOOK VAL	$4875.00
CURRENT	$147.79	P&L %	-21.18%
CURR VAL	$3842.54	P&L $	-1032.46

TICKER	SNK	USER	u/LongTermStocks
RATING	BULLISH	ENTRY	$15.25
POSITION	327 sh SYN	BOOK VAL	$4986.75
CURRENT	$21.17	P&L %	+38.82%
CURR VAL	$6922.59	P&L $	+1935.84

I own $SPCX and I'm bullish long term, but after a 56% move from the IPO price and a 8% pop on the Cursor acquisition news, I decided to grab some $SNK as a hedge.

$SNK is the new 2x inverse SpaceX ETF. This is one way I can protect some gains without selling my core position.

Not calling a top. Not saying SpaceX is overvalued. Just managing risk in case today's hype turns into profit-taking.

If SpaceX keeps ripping, my core position wins. My SPCX average is $148.34/share