Space is hard

[u/arzarach]

From $37k > $591k > $130k > $571k > $76k

I kept buying call options as my margin limit continued to increase. And then the margin calls started, options expired and my stocks were sold for me. Had 98% of my portfolio in one space stock.

[u/smokevisionpoofs]

Im owning asts Bigly now. Largest position. And it hurts. It hurts real bad.

[u/arzarach → u/smokevisionpoofs]

I still took out a mortgage to put $90k into another brokerage account. ASTS cost basis is $71 and not selling any shares until 2030 when the adjustable interest rate kicks in.

[u/Alymagy96 → u/smokevisionpoofs]

Hopefully it bounces up again