On September 9, SpaceX declined 3.05% in regular trading, trading at $148.265/share, with turnover of $7.594 billion. The stock pulled back from recent highs near $152 despite bullish expectations surrounding the upcoming Nasdaq 100 quarterly rebalancing.

On the news front, a notable $17.75 million simultaneous dual-leg put combination appeared in the options market, involving 1,500 contracts each of September 2027 $245 and $110 strike puts. An additional $2.936 million long-dated $100 out-of-the-money put purchase further signaled distinctly bearish institutional positioning. Meanwhile, data from Charles Schwab indicated that retail investor stock-buying appetite cooled in August, with funds rotating toward ETFs over individual stocks, though SpaceX remained the most favored single-stock name among retail clients.

The stock has traded within a narrow $133-to-$150 range for roughly four weeks. While JPMorgan estimates the September 21 rebalancing could trigger approximately $12.4 billion in passive net buying as SpaceX's index weight rises from 1.25% to 1.51%, near-term options-driven hedging pressure and profit-taking appear to be capping upside momentum ahead of that catalyst.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)