Wall Street Brunch: Options Spy SpaceX Pop

SpaceX faces two major catalysts this week: IPO quiet period expiration and Nasdaq 100 inclusion, with options markets signaling strong bullish sentiment. Options activity on SPCX is concentrated at $180 and $190 calls, implying traders expect an 11–17% upside; downside bets are notably light. PepsiCo earnings are in focus, with debate over its growth, cost control, and free cash flow driving divergent Hold and Buy ratings. FOMC minutes and multiple ex-dividend dates across major names, including Micron, JPMorgan, and AT&T, shape a busy week for investors. SpaceX exits quiet period and enters Nasdaq 100. PepsiCo headlines light earnings calendar. ‘Ghost ticketing’ investigation. SpaceX gets two major catalysts this week, and the options market suggests traders are expecting a solid—and possibly spectacular—move. On Tuesday, the IPO quiet period ends, freeing analysts to publish ratings and price targets. The stock will also join the Nasdaq 100. The July 10 options chain shows traders positioned for those twin catalysts, with the $180 and $190 calls attracting the strongest bullish interest. SPCX closed at $162 on Thursday, with weekly options implying a move of about ±9% by Friday's expiration. The $180 and $190 calls represent gains of roughly 11% and 17%, respectively. Downside positioning is relatively light, with little in the options chain pointing to strong bearish conviction. Then there's the $330 call. On a stock trading at $162, 106,038 contracts changed hands despite carrying just 36,131 contracts of open interest. At about $0.20 each, they represent retail lottery tickets in their purest form—a wager that SpaceX more than doubles by Friday. PepsiCo headlines the earnings calendar on Thursday, with a...