LUNR 18September2024
I purchased shares and January 2025 calls on $Intuitive Machines (LUNR.US)$ at an average cost basis of 3.30. I did so intending to trade them after the next launch. In the meantime, they applied for the NSN contract. After a smaller contract was awarded, I sold 1/3 of the holding at 200% profit to retrieve my principle. There were many days that I was tempted to sell the rest. When I saw that LUNR was advertising job openings for NS engineers, I decided to hold until the announcement expected this month. I exited the position fully this morning. I may enter again to trade ahead of the next launch. I will continue to track the company and may purchase shares for a longterm hold after I divest of other space related options contracts I currently hold. This because the tickers move in tandem and longterm profitability is nearer for some than others (namely ASTS,) so in the interest of better balance, I am waiting to readjust my portfolio. $Intuitive Machines (LUNR.US)$
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Earlier this year, I commented that I thought the space trade’s time has come.
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It’s a beautiful day!
Former scientist, enthusiastic reader and student of capital markets. LT/s-trade/options/crypto
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