Opening: SPCX August 28th 90/100/157.5/167.5 Iron CondorSpace Exploration Technologies CorpBATS:SPCXNaughtyPines... for a 3.33 credit. Comments: High IVR/IV at 68.8/98.8). I generally don't like to goof around with IPO's early in the offing, but if I'm going to goof around, it's going to be a defined risk setup ... . Metrics: Max Profit: 3.33 ($333) Max Loss/Buying Power Effect: 6.67 ($667) ROC at Max: 49.9% ROC at 50% Max: 25.0% Probability of Regretting This Later: 100%