Q2 STOCKS TO BUY

Options Bulls Blast Space Travel Stock on Ticket Sales Buzz

Year-over-year, SPCE is down more than 83%

Digital Content Manager
Feb 15, 2022 at 10:09 AM
facebook X logo linkedin


The shares of Virgin Galactic Holdings Inc (NYSE:SPCE) are skyrocketing today, last seen up 9.6% at $8.92 at last check, after the company announced ticket sales for initial spaceflight reservations will open to the general public tomorrow, Feb. 16. The company said it plans to have 1,000 customers on board at the start of commercial service later in 2022, with the total price of a reservation totaling $450,000, and requiring a $150,000 deposit. 
 

Prior to today's announcement, Virgin Galactic stock was chopping lower on the charts, culminating in a Jan. 24, two-year low of $7.58. The security has since found support at the $8 mark, though overhead pressure remains at the 30-day moving average. Year-over-year, SPCE is down 83.4%.

Short sellers have been piling on the equity. Short interest rose 38.7% over the last two reporting periods, and the 43.94 million shares sold short make up a substantial 21.2% of the stock's available float.

Meanwhile, the options pits lean firmly bullish. Over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), SPCE sports a 10-day call/put volume ratio of 3.85, which sits in the 92nd percentile of its 12-month range. In other words, calls have been picked up at a much quicker-than-usual clip. 

That bullish sentiment is getting reinforced today. So far, 80,000 calls and 13,000 puts have crossed the tape, which is seven times the intraday average. Most popular is the February 11 call, followed by the 9 call in the same monthly series, with positions being opened at both.

It's also worth noting the security's Schaeffer's Volatility Scorecard (SVS) stands at 99 out of 100. This means that SPCE has exceeded options traders' volatility expectations over the past year. 

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter