After RKLB's earnings things look good for space stocks i'm thinking that the SpaceX IPO hype is going to also drag the other space stocks up with it. I sold 2 NVDA $200 May 29th puts that i'm now up 70% on i'm tempted to close those and shift the buying power into selling 4 ASTS $70 June 5th puts, looks like it wants to try and recover towards $100 in the next month or two. So on a good beat and the stock rising 5% to 10% on earnings and the IV crush i could sell these for $650 each on monday and possible buy them back on Tuesday/Wednesday for under $200.
Anyone have a bear thesis they want to share would love to hear the other side before I commit.
Posted by Embarrassed_Durian17