Option Focus | AST SpaceMobile Sees $1.8 Million Long-Dated Call Buy for 2026, Signaling Bullish Conviction Amid Elevated Volatility

Option Witch07-21 15:14

AST SpaceMobile ended the session at $57.42, a decline of 0.66%.

Despite the slight daily pullback, significant options activity emerged, highlighted by a large, long-dated call purchase valued at $1.77 million, indicating targeted bullish positioning from sophisticated traders.

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Options Indicators

ASTS has an implied volatility of 117.17%, and with an IV percentile of 75.70%, current volatility conditions are in the elevated range, indicating that options are priced expensively relative to their own recent history. At the same time, the IV/HV ratio of 0.96 suggests implied volatility is roughly in line with realized volatility, so while premiums are rich on a percentile basis, they are not dramatically overstated versus the stock’s actual recent movement. The Call/Put volume ratio is 2.83.

Large Trades

A CALL buy worth $1.77 million was the standout large trade, consisting of 3,500 August 21, 2026 $65.00 calls purchased outright. With ASTS referenced at $57.42, the strike sat out of the money at the time of execution, making this a clearly directional bullish position that requires further upside to gain intrinsic value. The long-dated expiration gives the buyer substantial time for a bullish thesis to play out, suggesting conviction in a meaningful upside move rather than a short-term speculative punt. Strategically, this is a premium-paid upside bet, with the buyer accepting upfront cost in exchange for leveraged exposure to a potential rally above $65.00 into 2026.

Overall sentiment from all large trades was decisively bullish, with total bullish flow at $1.77 million versus bearish flow of $0.00 million, leaving a net bullish difference of $1.77 million. The directional read is clearly positive, since all meaningful large-trade activity was concentrated in outright call buying rather than hedging or premium-selling structures. That pattern points to investors positioning for upside appreciation in ASTS over a longer time horizon, reflecting constructive sentiment and willingness to pay premium for leveraged bullish exposure.

Strategy Reference

A trader looking to collect premium with a lower probability of assignment could consider selling an out-of-the-money put, such as the $45.00 strike, while those preferring defined risk and lower margin than an outright long call might look to implement a bullish call spread, for example buying the $60.00 call and selling the $75.00 call for the same expiration.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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