AST SpaceMobile Unusual Options Activity For August 27

Investors with a lot of money to spend have taken a bearish stance on AST SpaceMobile ASTS.

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 ASTS, 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 18 uncommon options trades for AST SpaceMobile.

This isn't normal.

The overall sentiment of these big-money traders is split between 33% bullish and 61%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $87,899, and 15 are calls, for a total amount of $1,222,700.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $2.5 to $55.0 for AST SpaceMobile during the past quarter.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in AST SpaceMobile's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to AST SpaceMobile's substantial trades, within a strike price spectrum from $2.5 to $55.0 over the preceding 30 days.

AST SpaceMobile Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About AST SpaceMobile

AST SpaceMobile Inc is a satellite designer and manufacturer. The company is building a cellular broadband network in space to operate directly with standard, unmodified mobile devices, and off-the-shelf mobile phones based on extensive IP and patent portfolio. It has focused on eliminating the connectivity gaps faced by mobile subscribers and finally bringing broadband to the billions who remain unconnected. The Company's spaceMobile Service is being designed to provide cost-effective, high-speed Cellular Broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices.

Following our analysis of the options activities associated with AST SpaceMobile, we pivot to a closer look at the company's own performance.

Present Market Standing of AST SpaceMobile

• Trading volume stands at 2,118,704, with ASTS's price down by -1.57%, positioned at $33.25.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 77 days.

What Analysts Are Saying About AST SpaceMobile

Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $32.475.

• An analyst from Scotiabank has decided to maintain their Sector Outperform rating on AST SpaceMobile, which currently sits at a price target of $28.
• An analyst from B. Riley Securities has decided to maintain their Buy rating on AST SpaceMobile, which currently sits at a price target of $26.
• Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Outperform rating on AST SpaceMobile with a target price of $45.
• Consistent in their evaluation, an analyst from UBS keeps a Buy rating on AST SpaceMobile with a target price of $30.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for AST SpaceMobile, Benzinga Pro gives you real-time options trades alerts.