ASTR Risk Reversal

Risk Reversal
Bob’s take – Bob is Bullish ASTR and there are earnings on the 12th of August after market close. If it goes above the red line, it could continue to break out even more.
$ASTR profit and loss view

On 8/10 or 8/11, consider $ASTR – Astra Space Inc Class A has earnings on 8/12. Money Vikings have a bullish assumption in this one. We’re Selling a put to finance the call. Earnings could be the catalyst we need to push it higher. If we’re correct and the price goes up, we capture the upside from our call. If we’re wrong, we’re obligated to buy 100 shares of the stock at $10.00/share. If you don’t want to buy, you could alternatively roll out another month to October.

  • Buy a 9/17 12.50 call for around 1.60 – 1.70 (debit)
  • Sell a 9/17 10.00 put for around 1.10 – 1.20 (credit)

Pay a small debit to enter the trade (.51 at the time of this writing)

-Jerry & Bob

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