Price Forecast:

Bullish Case: Positive market sentiment could lead to strong price hikes as the satellite technology matures and partnerships with major telecoms deepen, potentially elevating ASTS above $30 in the near term.

Bearish Case: Financial losses and competition from SpaceX may hinder ASTS's growth, pushing the stock below $20 if operational challenges persist or if new satellites face delays.

Potential Outcomes:

1) Price surges above $30 (60%);

2) Price stabilizes sideways around $24 (25%);

3) Price drops below $20 due to financial strain (15%). High current volatility suggests significant risks and rewards await.

Trading Oracle: Consider a bullish long call spread targeting $30 with a January 2025 expiration, capitalizing on upcoming news and high implied volatility for maximum profit potential. Alternatively, short-term bearish put spreads can hedge downside risks. Pay attention to option volumes and volatility fluctuations.

November 17, 2024