I've spent most of this morning watching SPCX calls which opened up way overvalued and have pretty much stayed overpriced, even though SPCX is well off of today's high print of $225.61. Yes, it's going to be a SpaceX summer, so, let's jump in. SPCX 15 Minute This is my 15 minute chart of SPCX, a high speculative wave count that is suggesting a move to the high $200's and even low $300's over the next few months. SPCX July Calls SPCH is a double leveraged (2X) single stock ETF for SPCX shares. When SPCX was making its high print of $225.61, SPCH made a high print of $28.00. The July $25C, currently trading around $7.00, made a high of $10.20. SPCH Jul Calls At their respective highs today, the SPCX calls were up about 37% from the current quotes, while the SPCH calls were up 43%. Edge goes to SPCH calls. Nonetheless, either pick will do, so let's track them both in Active Options PRO Portfolio. Usual stops apply: -50% hard stop until calls are up +100%, then 50% trailing stop.
