How are ASTS cash-secured put max profit and max loss calculated?

Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium. For the ASTS cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 78.13%), the computed maximum profit is $412.50 per contract and the computed maximum loss is -$6,286.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a ASTS cash-secured put?

The breakeven for the ASTS cash-secured put priced on this page is roughly $62.88 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The ASTS market-implied 1-standard-deviation expected move in the same options snapshot is approximately 22.40%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current ASTS implied volatility affect this cash-secured put?

ASTS ATM IV is at 78.13% with IV rank near 8.98%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.

ASTS Cash-Secured Put Strategy

ASTS (AST SpaceMobile, Inc.), in the Communication Services sector, (Telecommunications Services industry), listed on NASDAQ.

AST SpaceMobile, Inc. establishes and operates a satellite-based cellular broadband network designed to connect directly with standard mobile phones. Through its SpaceMobile service, it delivers mobile internet access to individuals in remote or unserved locations that lack traditional terrestrial mobile coverage, whether on land, across oceans, or during air travel. The company is situated in Midland, Texas.

ASTS (AST SpaceMobile, Inc.) trades in the Communication Services sector, specifically Telecommunications Services, with a market capitalization of approximately $28.88B, a beta of 2.75 versus the broader market, a 52-week range of 36.08-133.86, average daily share volume of 20.2M, a public-listing history dating back to 2019, approximately 1K full-time employees. These structural characteristics shape how ASTS stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.75 indicates ASTS has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.

What is a cash-secured put on ASTS?

A cash-secured put sells an out-of-the-money put while holding cash equal to the strike-times-100 obligation, keeping the premium when the underlying stays above the strike.

ASTS snapshot

As of August 14, 2026, spot at $70.73, ATM IV 78.13%, IV rank 8.98%, expected move 22.40%. The cash-secured put on ASTS below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 28-day expiry.

Why this cash-secured put structure on ASTS specifically: ASTS IV at 78.13% is on the cheap side of its 1-year range, which means a premium-selling ASTS cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 22.40% (roughly $15.84 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ASTS expiries trade a higher absolute premium for lower per-day decay. Position sizing on ASTS should anchor to the underlying notional of $70.73 per share and to the trader's directional view on ASTS stock.

ASTS cash-secured put setup

The ASTS cash-secured put below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With ASTS at $70.73 on that close, the first option leg uses a $67.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ASTS chain at a 28-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 ASTS shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$67.00	$4.13

ASTS cash-secured put risk and reward

Net Premium / Debit: +$412.50
Max Profit (per contract): $412.50
Max Loss (per contract): -$6,286.50
Breakeven(s): $62.88
Risk / Reward Ratio: 0.066

Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.

ASTS cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on ASTS. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$6,286.50
$15.65	-77.9%	-$4,722.73
$31.29	-55.8%	-$3,158.96
$46.92	-33.7%	-$1,595.19
$62.56	-11.5%	-$31.42
$78.20	+10.6%	+$412.50
$93.84	+32.7%	+$412.50
$109.47	+54.8%	+$412.50
$125.11	+76.9%	+$412.50
$140.75	+99.0%	+$412.50

When traders use cash-secured put on ASTS

Cash-secured puts on ASTS earn premium while a trader waits to acquire ASTS stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ASTS.

ASTS thesis for this cash-secured put

The market-implied 1-standard-deviation range for ASTS extends from approximately $54.89 on the downside to $86.57 on the upside. A ASTS cash-secured put lets a trader earn premium while waiting to acquire ASTS at the strike price; the strategy is most attractive when the trader is comfortable holding the underlying at that level and IV is rich enough to compensate for the assignment risk. Current ASTS IV rank near 8.98% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on ASTS at 78.13%. As a Communication Services name, ASTS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ASTS-specific events.

ASTS cash-secured put positions are structurally neutral to slightly bullish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. ASTS positions also carry Communication Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ASTS alongside the broader basket even when ASTS-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on ASTS carry tail risk when realized volatility exceeds the implied move; review historical ASTS earnings reactions and macro stress periods before sizing. Always rebuild the position from current ASTS chain quotes before placing a trade.

Frequently asked questions

What is a cash-secured put on ASTS?: A cash-secured put on ASTS is the cash-secured put strategy applied to ASTS (stock). The strategy is structurally neutral to slightly bullish: A cash-secured put sells an out-of-the-money put while holding cash equal to the strike-times-100 obligation, keeping the premium when the underlying stays above the strike. With ASTS stock at $70.73 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed ASTS chain strike and the premiums come straight from that session's bid/ask midpoint.
How are ASTS cash-secured put max profit and max loss calculated?: Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium. For the ASTS cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 78.13%), the computed maximum profit is $412.50 per contract and the computed maximum loss is -$6,286.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ASTS cash-secured put?: The breakeven for the ASTS cash-secured put priced on this page is roughly $62.88 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The ASTS market-implied 1-standard-deviation expected move in the same options snapshot is approximately 22.40%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a cash-secured put on ASTS?: Cash-secured puts on ASTS earn premium while a trader waits to acquire ASTS stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ASTS.
How does current ASTS implied volatility affect this cash-secured put?: ASTS ATM IV is at 78.13% with IV rank near 8.98%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.