ASTS has pumped a lot last few months with few more positive catalysts expected in the next 1-2 months, but I can’t imagine this pump running much longer.
I had bought 10 $25 puts for October 2024 last Wednesday for 2.10 a contract, and sold 8 of them for $3.50 two days later on Friday.
Still holding last two as there’s plenty of time before October for it to fall further. Also picked up some $7.5 and $10 moonshots for January.
DNA is another former despac and was a penny stock for a while, traded at around 25 to 35 cents most summer, but they just completed a 1-40 reverse stock split to bring their price up to around $8. There’s been very little trading volume since reverse stock split. There are only monthlies available right now, with no weekly options
I picked up ITM $9 September puts for $1.01 a contract and $8 September puts for $.55 a contract when it was trading around $8.50 on Friday.
They’re bleeding cash, just need them to announce a stock offering before these expire.
Also bought some cheap OTM calls in case thing go other direction and it pumps because Float is 40 times smaller than two weeks ago.
https://www.reddit.com/gallery/1f0hmgq
Posted by learningfrommyerrors
1 Comment
Whats the extrinsic like on DNA? I find most dying stocks already have it dying priced in