Shares of SpaceX, which has raised $75 billion at a $1.765 trillion valuation, opened at $150, up from its initial public offering price of $135.
The options will be traded on exchanges including Cboe Global Markets, the largest options exchange operator in the US, and Nasdaq Inc, which today listed the rocket company in the largest IPO, the spokesperson confirmed.
There will likely be high demand for derivatives, which allow investors to speculate about future moves in stocks or insure against declines. An increase in options volume due to traders hedging derivatives positions may lead to greater demand for stock trading.
Other options exchanges, including those owned by Intercontinental Exchange Inc.’s NYSE and Miami International Holdings Inc., are also expected to list as early as next week.
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