On Jun. 24, at 1:59 PM, Market Rebellion’s Unusual Option Activity Service flagged aggressive bullish call buying, with 5,000 10July 75 calls purchased for $3.35 above an open interest of 96 contracts, while ASTS shares traded at $68.02.
Those 10July 75 calls traded as high as $13.20 with shares at $86.19, delivering explosive returns of 294.03% from the initial entry price of $68.02. Meanwhile, ASTS shares gained approximately 26.71% from $68.02, once again showcasing how options leverage can dramatically outperform stock-only gains when the thesis hits.
This performance illustrates the power of options leverage when the directional thesis proves correct, though it’s important to note that this same leverage can work against traders when market moves go in the opposite direction.
ASTS was last trading at $86.13, up 20.55% on the day.
