Unpacking the Latest Options Trading Trends in Ambarella

Investors with a lot of money to spend have taken a bullish stance on Ambarella AMBA.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AMBA, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 8 uncommon options trades for Ambarella.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $70,150, and 6 are calls, for a total amount of $326,722.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $48.0 and $90.0 for Ambarella, spanning the last three months.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Ambarella's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Ambarella's substantial trades, within a strike price spectrum from $48.0 to $90.0 over the preceding 30 days.

Ambarella Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Ambarella

Ambarella Inc is a developer of semiconductor processing solutions for high-definition video capture, sharing, and display. The firm's solutions are sold to original design manufacturers and original equipment manufacturers to be designed for use in infrastructure broadcast encoders, wearable device cameras, automotive cameras, and security cameras. Ambarella's system-on-a-chip designs, based on its proprietary technology platform, are highly configurable to applications in various end markets. Geographical presence in Taiwan, Asia Pacific, Europe, North America, and the United States. The firm derives the majority of its revenue from Taiwan.

Having examined the options trading patterns of Ambarella, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Ambarella's Current Market Status

• With a trading volume of 486,749, the price of AMBA is down by -3.86%, reaching $56.01.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 85 days from now.

Professional Analyst Ratings for Ambarella

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $71.4.

• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Ambarella with a target price of $67.
• In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $90.
• Consistent in their evaluation, an analyst from Roth MKM keeps a Neutral rating on Ambarella with a target price of $60.
• An analyst from Wells Fargo persists with their Equal-Weight rating on Ambarella, maintaining a target price of $55.
• Maintaining their stance, an analyst from Rosenblatt continues to hold a Buy rating for Ambarella, targeting a price of $85.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Ambarella options trades with real-time alerts from Benzinga Pro.