While satellite designer and manufacturer AST SpaceMobile Inc (NASDAQ:ASTS) has been one of the strongest performers this year, it's also fair to point out that the highly kinetic movements of ASTS stock can throw many options traders off. Essentially, ASTS is non-ergodic to the extreme. Colloquially, this means that the actual return may not always match the expected average return.With options trading, non-ergodicity often rears its ugly head because of elements such as enhanced volatility and expiration ...

Earlier this year, gold reaching $3,000 represented a moonshot target. Back in October 2024, Bank of America's commodity analyst Michael Widmer caused a stir, noting that the precious metal could reach the aforementioned price due to rising concerns over U.S. fiscal policies and their potential impact on Treasury yields.What made the bullish call conspicuous at the time was that gold had just hit a new record, landing at $2,696 per ounce. However, Widmer's forecast represented a more than 11% swing from wha ...