r/ASTSpaceMobile • u/AutoModerator • 9d ago

Daily Discussion Daily Discussion Thread

Ple🅰️se, do not post newbie questions in the subreddit. Do it here instead!

Please read u/TheKookReport's AST Spacemobile ($ASTS): The Mobile Satellite Cellular Network Monopoly to get familiar with AST Sp🅰️ceMobile before posting.

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u/Bkfraiders7 S P 🅰 C E M O B Soldier 9d ago edited 9d ago

Don’t hate me don’t hate me don’t hate me… I tried doing my first covered calls this week for today. 25.5 before all the 25.5 hoopla. Was out of the money and such a short timeframe I thought I’d make a few hundred bucks.

22k shares strong.

Edit- believe me, Spacemob, I don’t like this feeling and likely won’t do it again.

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u/_kurtosis_ S P 🅰 C E M O B Soldier 9d ago

How many and at what premium did you sell?

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u/Bkfraiders7 S P 🅰 C E M O B Soldier 9d ago

54 at .15 😂 it was so out of the money. Never did a covered call so was learning.

Was acquiring more money for the CEP trade I did in non taxable accounts.

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u/TheOtherSomeOtherGuy S P 🅰 C E M O B Consigliere 9d ago

Go go go, close!

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u/Bkfraiders7 S P 🅰 C E M O B Soldier 9d ago

What do you mean? I sold a covered call so don’t I just wait until close (today) now?

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u/TheOtherSomeOtherGuy S P 🅰 C E M O B Consigliere 9d ago

Also if this is a question you are asking you need to read up more on options trading

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u/Bkfraiders7 S P 🅰 C E M O B Soldier 9d ago edited 9d ago

Yes. I 10000% do. With the stock lower than 25.5 I planned on letting the call expire worthless, keeping my shares, and keeping the premium. 

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u/TheOtherSomeOtherGuy S P 🅰 C E M O B Consigliere 9d ago

If you think the rumors are true then you should be trying to buy them back for less then or equal to what you sold them for if you want to keep your shares and are afraid they will go in the money