Key insights
- The author highlights a potential short squeeze scenario in ASTS due to high short interest, retail investor interest, and significant call option open interest, particularly for June 18th. The upcoming satellite launch and SpaceX IPO speculation add to the bullish sentiment. This could lead to a short-term price increase in ASTS.
Not even trying to sound dramatic but ASTS setup into June is getting kinda ridiculous. You’ve got a huge short interest + retail piling in + crazy call open interest for June + first 3-batch satellite launch in June + SpaceX IPO hype floating around at the same time and most importantly a stock that already moves like a crackhead.
The options chain is what’s really interesting to me. June 18 calls are loaded to the tits. 180calls have around 50,000 open interest. 130’s, 150’s and 170’s are stacked too.
No idea what’s gonna happen but I’m along for the ride
Positions in comments.