Out of the ASTS call spread today at $12. This might be the first time the call spread legs of one of our 4-leg combos closed before the put spread legs.
So I started the 7 day trial on 9/4, but 6 trading days prior on 8/27 you opened the ASTR COMBO and stock is down approximately 7 points since. I’m thinking bc it’s set up bullish it may now be a good time to buy in. Obviously the contract prices will be substantially different from 8/27, but I could just do a bit of math jujitsu and work with percentages to get out with similar numbers percentage wise to make it a winning trade, yes?
Out of the ASTS call spread today at $12. This might be the first time the call spread legs of one of our 4-leg combos closed before the put spread legs.
Out of the ASTS put spread today at $0.20.
So I started the 7 day trial on 9/4, but 6 trading days prior on 8/27 you opened the ASTR COMBO and stock is down approximately 7 points since. I’m thinking bc it’s set up bullish it may now be a good time to buy in. Obviously the contract prices will be substantially different from 8/27, but I could just do a bit of math jujitsu and work with percentages to get out with similar numbers percentage wise to make it a winning trade, yes?
Try a similar structure shifting the strikes down $5, and see what your max gain, max risk, and break even would be.
Thank you