Description
Tony Battista is back, and this episode wastes no time getting into it. Tom Sosnoff, Tony, and Sol break down the SpaceX IPO from every angle — who got allocations (and how little Scott Sheridan actually received), why the lock-up rules are unlike any IPO before it, and what retail traders need to understand before options even list. They walk through live trades in the Q's, Tesla, Netflix, and Uber, share specific rules for trading a high-volatility new offering like SpaceX, and explain why call skew will make put spreads expensive and call spreads look too cheap. Callers ask about SpaceX index inclusion, which trade survives a market collapse, and whether to leave Fidelity for tastytrade.
#lossdog #spacex #optionstruding #ipo #stockmarket #optionstrading
TIMESTAMPS
0:00 Intro: Tony Battista is back, Sol returns
2:23 Market opened big — selling futures from the car
4:50 SpaceX IPO allocation story: Tom vs Scott
6:38 SpaceX opened at $150 — what actually happened
13:15 SpaceX lock-up rule: can't sell until stock is +30%
15:51 Elon's IPO marketing vs OpenAI and Anthropic IPOs ahead
17:23 Live trades: Q's, Netflix, Tesla, Uber
21:17 Caller: SpaceX added to QQQ — how does forced buying work?
35:43 Caller: What trade do you take to battle right now?
39:13 Caller: Should I leave Fidelity for tastytrade?
42:49 How to trade a highly anticipated IPO like SpaceX
46:06 Use spreads, not naked options — here's why
50:11 SpaceX call skew warning: calls expensive, put spreads costly
55:42 Market recap: all-time highs, no downtick since Sunday night
59:14 Tony's new email + show closing
The SpaceX IPO is the biggest market event of 2026 so far, pulling in retail and institutional traders alike at a moment when U.S. equities are near all-time highs and volatility has been steadily compressing. For options traders, a new mega-cap IPO creates a unique and dangerous early window: implied volatility is often mispriced, there's no historical data to anchor expectations, and call skew can make familiar strategies backfire in ways that aren't obvious until it's too late. Understanding how index inclusion mechanics work — including the forced buying pressure from ETFs like QQQ — and how lock-up structures differ from traditional IPOs is essential context that most retail traders don't have before they place their first trade.
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One Lucky Dog LIVE! is your daily wake-up call for career and financial clarity—streaming live Monday through Thursday, 10-11am ET. Hosts Tom Sosnoff and Scott Sheridan (the founders behind thinkorswim and tastytrade) along with co-host Sol bring decades of experience democratizing finance, now turning their attention to something just as broken: how we understand our professional worth.
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