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ASTS 2,704-Contract Call Spread Nets Quick 3.1% Gain: A Closer Look
A large 2,704-contract call spread trade on Ast Spacemobile (ASTS) caught attention on June 24, 2025, producing a swift 3.1% gain as the stock surged 6.14% to $53.28. What does this reveal about market sentiment and technical positioning?
Call Spread Trade Details: Size and Execution Matter
| Trade Date/Time | Expiration | Strikes | Contracts | VWAP Trade Price | Bid | Ask | Ref Stock Price | Current Spread Value | Net Gain |
|---|---|---|---|---|---|---|---|---|---|
| Jun 24, 2025 / 10:27:36 | 27-Jun-25 | 44-47 Call Spread | 2,704 | $2.74 | $2.52 | $2.98 | $50.76 | $2.83 | $0.09 (3.1%) |
This spread required an initial outlay of over $370,000 for buyers, aiming for a maximum potential gain of roughly $35,000. To hit the full payout, ASTS needs to remain above $47 at expiration—just three days after the trade was initiated. The positive mark-to-market return so far is due to a sharp $2.52 rise in ASTS from the time of the trade, with the spread now worth $2.83 compared to the VWAP entry at $2.74.
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Trade Insight: Tactical Bet with Defined Upside
This call spread’s structure—buying the 44 call and selling the 47 call—sets a well-defined risk/reward. By paying $2.74 to capture a $3.00 maximum spread, buyers are risking most of the upside but reducing their outlay versus a straight call. The trade essentially bets on ASTS holding or extending above $47 into expiration. Notably, the net gain realized already (3.1%) outpaces what many short-term option buyers achieve before expiry, hinting that the move may have partially anticipated a late-stage surge or event-driven move.
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Technical Indicators Confirm a Powerful Uptrend
Technical signals overwhelmingly align with bullish momentum. ASTS’s price at $53.28 is above every major moving average: 20-day ($33.26), 50-day ($27.87), and 250-day ($24.57)—an extremely strong position, with price percent gains of 60.2%, 91.2%, and 116.9% versus those respective averages. All key moving averages are sloping higher (classified as “Uptrend”), underscoring trend strength.
The stock’s current price also stands 471.7% above its 52-week low, and 5.7% above its 52-week high. On June 24, 2024, ASTS was $10.33; now, it’s over five times that value. Recent price action has even broken through projected daily resistance ($53.37), reinforcing the idea of a potential technical breakout.
| Performance vs SPY | ASTS Return | SPY Return |
|---|---|---|
| Today | +6.0% | +1.3% |
| 2 Weeks | +52.9% | +1.6% |
| 1 Month | +120.9% | +5.2% |
| 3 Months | +107.0% | +8.1% |
| 6 Months | +129.0% | +2.8% |
| 1 Year | +428.1% | +12.9% |
| YTD | +152.3% | +4.3% |
| 3 Years | +684.0% | +66.2% |
Across every timeframe—day, week, month, and year—ASTS has dramatically outperformed the broad SPY ETF.
Option Skew and Implied Volatility: Markets Lean Bullish
Proprietary option skew analysis for ASTS shows a 97% rank—placing today’s option market posture near the most bullish levels in the past 52 weeks. When skew ranks are high, it often signals traders see more upside potential or are seeking protection against further gains. This dovetails with technical trends, suggesting optimism isn’t limited to stock buyers but is shared by options traders positioning for strength or potential volatility spikes in ASTS.
Takeaway: High Conviction Meets Bullish Indicators—What’s Next?
This 2,704-contract call spread on ASTS offers a window into how some traders are willing to risk substantial capital on well-defined upside bets when the stock is trending sharply higher and option markets are signaling further gains. With only a few days until expiration and a realized mark-to-market gain of 3.1% already, it’s a reminder of how nimble—and opportunistic—option traders can be around surging stocks.
If you want to follow more multi-leg option trades, including call and put spreads on stocks like ASTS, visit the MarketChameleon Multi-Leg Trade Screener for real-time strategies and analytics.
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NOTE: Stock and option trading involves risk that may not be suitable for all investors. Examples contained within this report are simulated and may have limitations. Average returns and occurrences are calculated from snapshots of market mid-point prices and were not actually executed, so they do not reflect actual trades, fees, or execution costs. This report is for informational purposes only, and is not intended to be a recommendation to buy or sell any security. Neither Market Chameleon nor any other party makes warranties regarding results from its usage. Past performance does not guarantee future results. Please consult a financial advisor before executing any trades. You can read more about option risks and characteristics at theocc.com.
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