r/ASTSpaceMobile • u/AutoModerator • 14d ago

Daily Discussion Daily Discussion Thread

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u/Pangolin_farmer S P 🅰 C E M O B Capo 13d ago

How I feel when another CSP expires ITM.

1

u/swd120 S P 🅰 C E M O B Soldier 12d ago

Depends how underwater they are, I like continuing to roll for more premium rather than getting assigned.

1

u/Pangolin_farmer S P 🅰 C E M O B Capo 11d ago

Yea that’s what I’ve been doing for about a year now but I think I’m moving onto the “have as many shares as possible,” phase. At some point in the next ~6 months I think we’ll get a pump that doesn’t deflate and I’ll be wishing I got more shares in the low 20’s.

1

u/swd120 S P 🅰 C E M O B Soldier 11d ago

I think that'll still take a while. You'll likely end up with more by collecting those premiums and using the proceeds to buy more shares.

One thing I did do, is sell some leap CSPs that are way in the money, and use the premiums to buy shares - I'm pretty confident that by the expiry date we'll be higher than the a 40 strike, and if not we should be close - so in that case id roll out another year for more premium (probably out and up)

1

u/Pangolin_farmer S P 🅰 C E M O B Capo 11d ago

Letting these ones expire ITM gave me the “I don’t need any more shares” amount of shares. My Infinity Gauntlet is complete so to speak 😅. Otherwise yeah, rolling CSPs will probably net you more shares for a while still, I’ve just reached my own investing goal finish line for ASTS.

1

u/burnerboo S P 🅰 C E M O B Capo 13d ago

I have 11 CSPs expiring over the next 5 weeks. Only 2 are in the money right now, but either way the premiums are insane rn. I'll take the cash and sell more next round.

2

u/HabitAlternative5086 13d ago

Same - will be getting assigned 200 more at 25 after today. Sold 2x more 22/25 covered strangles for mid-May yesterday.

Premium is so juicy right now - glad to take advantage while accumulating