Debit-side options spreads are similar to at-bats in baseball. You’re not expected to generate a high success rate but your team is counting on you to be smart with your decision-making processes, leveraging game conditions and circumstances to your advantage. And that brings us to AST SpaceMobile (ASTS).
Generally speaking, it’s a good idea to avoid names that have attracted the ignominy of Barchart’s Technical Opinion indicator, as ASTS stock has with its 100% Strong Sell rating. At the same time, you don’t necessarily want a blanket rule as you just might miss out on a potential opportunity. With AST, the company’s space-based cellular broadband network arguably presents a strong, fundamental argument for contrarianism.
