Tradr 2X Long ASTS Daily ETF (ASTX) Covered Calls

The Tradr 2X Long ASTS Daily ETF is a leveraged exchange-traded fund that seeks to provide 200% of the daily performance of AST SpaceMobile, Inc. (ASTS). The fund utilizes swap agreements and other financial derivatives to achieve its magnified daily returns. It is designed as a short-term tactical tool for sophisticated investors who wish to capitalize on bullish movements in the share price of AST SpaceMobile, a leader in space-based cellular broadband networks.

You can sell covered calls on Tradr 2X Long ASTS Daily ETF to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for ASTX (prices last updated Mon 4:16 PM ET):

Want to make money with covered calls?  Sign Up For A Free Trial

The Tradr 2X Long ASTS Daily ETF (ASTX) is a single-stock leveraged ETF issued by AXS Investments. Its primary investment objective is to provide daily investment results, before fees and expenses, that correspond to 200% of the performance of the common stock of AST SpaceMobile, Inc. (ASTS). AST SpaceMobile is a satellite telecommunications company building a global cellular broadband network in space to operate directly with standard, unmodified mobile devices. Because ASTX seeks a multiple of daily performance, it is a specialized tool intended for intraday or short-term tactical use.

Core Business and Products

To achieve its 2x leverage, the fund does not simply buy twice as many shares of the underlying company. Instead, it enters into total return swap agreements with major financial institutions and may also use FLEX options or other derivatives to gain magnified exposure. The fund’s portfolio typically consists of these derivative contracts backed by a significant collateral base of cash and short-term debt instruments. Due to the effects of daily rebalancing and compounding, the fund’s return over periods longer than a single day can differ significantly—both positively and negatively—from two times the cumulative return of ASTS.

Competitive Landscape

ASTX competes within the rapidly growing market for single-stock leveraged and inverse ETFs. It specifically targets investors focused on the space technology and satellite communications sectors. Key competitors that trade on major exchanges and feature active options markets include:

1. AST SpaceMobile, Inc.: The underlying stock itself is the primary alternative, offering "unleveraged" exposure to the company's success without the decay risks of a 2x daily reset.
2. Tesla: Often competes for the same growth-oriented "disruptive tech" capital, especially as both companies are seen as high-beta leaders in their respective innovative fields.
3. ARK Space Exploration & Innovation ETF: Competes by providing broad, actively managed exposure to the space industry, offering a diversified alternative to the concentrated risk of a single-stock leveraged fund.
4. GraniteShares 2x Long NVDA Daily ETF: While targeting a different company, it competes for the attention of tactical traders looking for high-leverage vehicles for momentum stocks.

Traders often use ASTX to express high-conviction bullish views during major catalysts, such as satellite launches or regulatory milestones for the SpaceMobile service.

Strategic Outlook and Innovation

The strategic future of ASTX is inextricably linked to the operational success of AST SpaceMobile. As the underlying company moves from its testing phase to the full-scale commercial launch of its "BlueBird" satellite constellation, the volatility and trading volume of ASTS are expected to remain high, fueling demand for leveraged instruments like ASTX. The fund management at AXS focuses on maintaining efficient swap pricing and managing counterparty risk to ensure the 2x mandate is delivered as precisely as possible.

Innovation in this niche of the ETF market centers on the creation of "pure-play" tactical tools for retail and institutional traders. By providing 2x leverage in a single ticker, ASTX removes the need for investors to maintain their own margin accounts or manage complex options strategies to achieve similar exposure. However, as the space telecommunications sector matures and potential competitors enter the direct-to-cell market, the fund's relevance will depend on AST SpaceMobile maintaining its first-mover advantage and technological leadership. Investors in ASTX must navigate the high implied volatility of the space sector, which often exceeds 100% annually, making disciplined risk management essential.

Want more examples? ASTS Covered Calls | ASUR Covered Calls