Most of the SpaceX related stocks have been on a tear this past year, so, when I find one that is closer to beginning its run than making new 52 week highs, I dig a little deeper. Red Wire is just now beginning to make the "space stock," lists, well before its "discovery" stage has ignited. RDW reported earnings last week, a loss, bigger than expected, but today shares are higher than they were last week. That is a positive. Also, the price is low, trading today at $11-12, meaning out of the money calls are relatively cheap. Let's take a flyer, so to say, on this space stock, looking for the crowd to come on board later this summer...or this month. RDW A year ago RDW was selling in the mid-to-high $20's, fell as low as $4.87 around Thanksgiving of 2025 and has rallied to $12-13 since last week's earnings report. Note the dual parallel channels coming together over the past few months, a pattern recognition set-up that just needs a gap-up above both channels to ignite the shares. RDW is caught in a pullback today, so calls cheaper than they were yesterday. They may be cheaper still tomorrow, or not. June Calls July Calls Aug Calls These are some attractive looking summer calls, Jun, Jul & Aug. One strike from each expiration seems like a reasonable bet. As usual, I've highlighted my favorite strike in each of the months: $12 (Jun), $15 (Jul) & $20 (Aug). For our model portfolio I'm buying the Jul $15C.
