Nice price action throughout September so far for $ASTS 9/18 saw a ~$1M call opener into Jan 2027, a cross trade, still open after nailing bottom. Also nearly 3,700 ASTS Nov $65 calls appear to have been sold into Friday’s selloff, then OI dropped by nearly 1,000 after yesterday’s recovery as activity shifted toward the ask and mid. Whether outright bearish bets or covered call hedges, seeing that exposure unwind this quickly is often constructive near a potential local bottom. And also.. aggressive call buyers today with nearly $1.9M into the Dec 2028 $100 calls.. plenty of time, but 57% OTM with a $123 breakeven is still a pretty aggressive way to play the long term bull case.
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