SPCX trade idea receipt

SPCX shows a bearish setup supported by elevated options activity, directional flow, and the current price backdrop. The suggested long put uses an entry near $124.25, targets $118.02, and uses $130.48 as the risk level, so the trade has a defined upside case and a clear point where the thesis should be reevaluated. Supporting factors include short dated premium, large short dated print, and sweep or block. Because this is a time-sensitive idea over roughly 720 hours, it should be sized carefully and revisited if price moves through the risk level or the supporting flow fades.