Investors in AST SpaceMobile Inc (NASDAQ: ASTS) can now access new options expiring on November 20, 2024, featuring a put contract at the $85.00 strike price and a call contract at the $95.00 strike price. The put contract, with a bid of $29.15, presents a potential cost basis of $55.85 if the option is exercised, as it offers a 3% discount off the current trading price of $87.78. The analysis suggests a 70% chance that this put contract could expire worthless.
On the call side, the $95.00 strike price has a current bid of $28.60, providing a potential total return of 40.81% if exercised. However, there’s a 34% chance that this covered call contract could also expire worthless, allowing investors to retain both their shares and the premium. The implied volatility for the put and call contracts is 107% and 105%, respectively, compared to a trailing twelve-month volatility of 97%.
