SpaceX Options Hit 2 Million Contracts a Day — Third Most Active Stock Immediately

Henry Schwartz, VP of Market Intelligence at Cboe, joined us on PreMarket Playbook to break down some of the biggest stories moving markets right now. We covered: 🔹 How the PDT rule change showed up directly in Cboe's order flow data — and what one broker revealed about customers pulling money out of trading accounts 🔹 The SpaceX IPO options launch — the fastest listing in Cboe history, hitting 2 million contracts on day one and immediately becoming the third most active single stock 🔹 Cboe's brand new XSP binary/event contracts — what they are, how they work, and who's trading them 🔹 Skew inversion as a meme stock signal — why 50% of stocks flashing upside call skew is worth paying attention to 🔹 The macro picture heading into fall: VIX levels, global capital flows into U.S. markets, and why Henry isn't expecting things to get too rocky ------------------------------------------------------------------------------------ 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 🖥️ Want the same tools the pros use—without the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center. 👉 https://bit.ly/4unSKiB ------------------------------------------------------------------------------------ 📲 Follow us on socials @benzinga 🔔 Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ Chapters: 0:00 - Introduction & Options Market Overview 2:15 - PDT Rule Elimination & Retail Trading Impact 4:06 - SPY Volume Decline & the Shift to Options 6:34 - XSP Binary Options / Event Contracts Explained 8:22 - SpaceX IPO Options Launch & Record Volume 11:02 - SpaceX Collar Trade & Hedging Breakdown 13:23 - Meme Stock Signals & Skew Inversion Data 16:38 - Levered ETFs, SpaceX ETFs & the Gold Rush 18:33 - Macro Outlook, VIX & What to Watch This Fall ------------------------------------------------------------------------------------ ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes. #cboe #HenrySchwartz #PDTRule #OptionsTrading #Benzinga