Decoding AST SpaceMobile's Options Activity: What's the Big Picture?

Deep-pocketed investors have adopted a bearish approach towards AST SpaceMobile ASTS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ASTS usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 27 extraordinary options activities for AST SpaceMobile. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 44% leaning bullish and 55% bearish. Among these notable options, 6 are puts, totaling $611,290, and 21 are calls, amounting to $935,063.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $40.0 for AST SpaceMobile over the recent three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for AST SpaceMobile's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across AST SpaceMobile's significant trades, within a strike price range of $10.0 to $40.0, over the past month.

AST SpaceMobile 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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.

Present Market Standing of AST SpaceMobile

• With a trading volume of 14,598,166, the price of ASTS is down by -2.93%, reaching $19.55.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 61 days from now.

Professional Analyst Ratings for AST SpaceMobile

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $40.2.

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