Spotlight on AST SpaceMobile: Analyzing the Surge in Options Activity

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 71 uncommon options trades for AST SpaceMobile.

This isn't normal.

The overall sentiment of these big-money traders is split between 38% bullish and 43%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $1,023,593, and 63 are calls, for a total amount of $6,049,168.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $50.0 for AST SpaceMobile over the last 3 months.

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 $5.0 to $50.0 over the preceding 30 days.

AST SpaceMobile Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

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. 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.

In light of the recent options history for AST SpaceMobile, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of AST SpaceMobile

• Trading volume stands at 8,510,441, with ASTS's price down by -9.91%, positioned at $30.09.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 65 days.

What Analysts Are Saying About AST SpaceMobile

3 market experts have recently issued ratings for this stock, with a consensus target price of $38.63.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from UBS keeps a Buy rating on AST SpaceMobile with a target price of $38. * An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $30. * An analyst from Scotiabank has decided to maintain their Sector Outperform rating on AST SpaceMobile, which currently sits at a price target of $47.

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 AST SpaceMobile options trades with real-time alerts from Benzinga Pro.