Intuitive Machines (LUNR) on Friday with a large buy of 3500 March $10 calls and a name with 13,350 December $10 calls in open interest from buyers as well as 8,075 January $10 calls. LUNR has also attracted large buys of March $9, January $7.50, January 2026 $15, December $11 and March $5 calls. LUNR will next hold an earnings call on 11-14. LUNR does have 29% of its float short, a new high and up from < 10% a few months ago.

Intuitive is a space exploration, infrastructure, and engineering company supporting the commercialization and potential militarization of the moon and beyond. LUNR is leading the U.S.-allied charge to provide low-cost access to the moon, with a compelling delivery capability that will drive long-term profits as communications and deployment services kick in on top of increasing access cadence.

LUNR shares are forming a tight bull flag with $8.75 and $9.30 key breakout levels for a trend-move higher. LUNR was the sole winner of an initial $500M ID/IQ contract for NASA’s Near Space Network Services program, a program which could rise to $4.8B in value, and an award that the firm has previously called out as an imminent potential catalyst for the shares. Intuitive is quickly establishing itself as a full-service space exploration company on the cusp of layering in hundreds of millions of dollars of high-margin services revenue.

LUNR has a market cap of  $1.08B and trades 2.7X EV/Sales with revenues rising 180% in 2024 and seen rising 66% in 2025.