Put down the space glue and look at Bank of America ($BAC).
SpaceX just dropped its S-1 filing for the massive June IPO at a $1.75 trillion valuation. What your smooth brains don’t realize is who actually owns the company outside of Elon Musk.
BAC sits on the second largest private ownership percentage of SpaceX (beside JP Morgan). The market has not priced this in yet because Wall Street analysts are legally regarded.
**2. It is Undervalued as Hell**
Right now BAC is trading like a bank stock. Its price-to-book ratio is absurdly low compared to JPMorgan. You are essentially buying a financial fortress at a discount with a piece of the rocket monopoly attached to it for free.
**3. Retail is the Exit Liquidity**
The big boys pump a stock, hype builds and then they dump it on retail like a Thai hooker giving you a Cleveland steamer.
BAC knows exactly what they‘re doing. They‘re going to ride the SpaceX hype and then they‘re going to use retail as their exit liquidity to cash in on their private shares as there are no private equity sale restrictions.
**The Play**
1. Shares if you’re soft
2. OTM June to Sept expiry calls depending how long you want to ride the short bus.
3. Puts on the way down if you’re confident you can time it properly
Disclaimer: This is not financial advice I am highly regarded