ASTS wheel: cash-secured put & covered-call yields
AST SpaceMobile, Inc. Class A Common Stock · Communication services · $61.00 close on Sep 28, 2026
What the Sep 28, 2026 close says about ASTS
At 79.6% implied volatility, the options market is pricing a one-standard-deviation move of about $14.38 (23.6%) in ASTS by Oct 30, 2026, 32 days out.
Selling the $56 put (−0.30Δ) for $2.78 means assignment would leave a cost basis of $53.22, 12.8% below the $61.00 close.
The 109-day 0.30Δ put pays 2.4× the premium of the 32-day one for 3.4× the time — more premium per day on the 32-day contract ($0.087 vs $0.061).
At 0.30Δ on the Oct 30 expiry the put yields 4.96% on its strike and the call 4.10% on spot: puts pay 1.2× what calls do on ASTS this session.
Moving down to the $52 put (−0.20Δ) buys 6.6% more room below spot and keeps 53% of the 0.30Δ premium.
Open interest in the stored window totals 73,564 contracts; the largest single line is the $90 call expiring Jan 15 with 11,096 (15.1% of the window).
By options volume ASTS ranks #94 of 441 names in our universe.
The builder re-quotes every leg from the live chain when it opens; tracking is free to start.
Cash-secured puts on ASTS
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $56 | −0.30 | $2.78 Sep 28 | $278.00 | $5,600 | 4.96% | 56.6% | $53.22 | 81 | 54 |
| 0.20Δ | $52 | −0.20 | $1.46 Sep 28 | $146.00 | $5,200 | 2.81% | 32.0% | $50.54 | 1,012 | 25 |
Snapshot #69 · session 2026-09-28 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 32
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $55 | −0.32 | $6.60 Sep 28 | $660.00 | $5,500 | 12.00% | 40.2% | $48.40 | 2,393 | 27 |
| 0.20Δ | $47 | −0.20 | $3.30 Sep 28 | $330.00 | $4,700 | 7.02% | 23.5% | $43.70 | 677 | 11 |
Snapshot #69 · session 2026-09-28 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 109
Covered calls on ASTS
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $72 | 0.30 | $2.50 Sep 28 | $250.00 | 4.10% | 46.7% | 22.13% | 252.4% | 140 | 2 |
| 0.20Δ | $75 | 0.23 | $1.78 Sep 28 | $178.00 | 2.92% | 33.3% | 25.87% | 295.1% | 474 | 48 |
Snapshot #69 · session 2026-09-28 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 32
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $85 | 0.31 | $4.50 Sep 28 | $450.00 | 7.38% | 24.7% | 46.72% | 156.5% | 2,807 | 245 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #69 · session 2026-09-28 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 109
ASTS volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 79.6%session 2026-09-28
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 73,564 contractssession 2026-09-28
- Largest open-interest line
- $90 call · Jan 15 · 11,096
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #94 of 441 optionable names by options volume
How these numbers are made
One end-of-day snapshot per session from a 15-minute-delayed feed. A premium is a contract’s last trade, used only if it printed that session, sits above intrinsic value and is in order with its neighbours; deltas are the feed’s own. Expiries are the first at least 30 and 60 days out, and nothing under 30 days is annualized. Not investment advice. Full methodology.
- No contract near 0.20Δ traded this session
- We are building our own daily implied-volatility history (1 of 252 sessions so far); IV rank and percentile need a full year of it.
- Our data provider does not license announced earnings dates, and we do not publish estimates.
- Our data feed carries last trades, not live bid/ask quotes, so we cannot show a spread.