- Entry
- $58.03
- Now
- $57.99 -0.1%
- Target
- —
- Score
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I own 1,000 shares of ASTS at a very low cost basis (\~$4.69/share). About 6 months ago I sold 5x Jan 2028 $150 calls against my position and deployed that premium elsewhere. ASTS has since pulled back significantly and the calls are now much cheaper to buy back, so I want to close them and redeploy. **The trade:** * Buy to close 5x ASTS Jan 2028 $150 calls (locking in \~$2K profit) * Sell 5x ASTS Jan 2028 $70 puts …
— ORIGINAL POST ·
Closing covered calls and selling naked puts on ASTS — is this a stupid idea?
· r/options
· Apr 29, 2026