TopOptionAlert
Oct 25, 5:22 AM
$ASTS NOV20 41C · still actionable
Zone:
$39.51 to
$40.07
Invalidation: close under
$37.80
Objectives:
$42.69, then
$44.94
The math: up 7.3% to the first objective and 12.9% to the second, against 5.0% risk on the invalidation, better than 2 to 1 to the second.
Friend, picture a stock that fell hard for a month and then caught its breath on Friday. ASTS closed at 39 dollars and 79 cents, up 2.6 percent on the day, after touching 36 dollars and 72 cents, and that bounce matters because it came while the company still aims to switch on satellite coverage across five countries before the year ends. This is a swing, and what that means is simple. You are betting the worst of the fall is behind it and the climb back toward 42 dollars and 69 cents, then 44 dollars and 94 cents, has room to run, while a close under 37 dollars and 80 cents says the floor gave way and you step aside.
P.S. The November report lands before expiry, so the story gets tested first.
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