Investors with a lot of money to spend have taken a bullish stance on Astera Labs ALAB.
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 ALAB, 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 9 uncommon options trades for Astera Labs.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 22%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $112,325, and 6 are calls, for a total amount of $471,404.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $180.0 for Astera Labs over the recent three months.
Analyzing 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 Astera Labs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Astera Labs's substantial trades, within a strike price spectrum from $90.0 to $180.0 over the preceding 30 days.
Astera Labs Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ALAB | CALL | SWEEP | BULLISH | 01/17/25 | $22.7 | $22.2 | $22.7 | $125.00 | $228.0K | 2.3K | 162 |
| ALAB | CALL | SWEEP | BULLISH | 01/17/25 | $22.5 | $21.7 | $22.5 | $125.00 | $118.5K | 2.3K | 61 |
| ALAB | PUT | SWEEP | BULLISH | 01/17/25 | $8.2 | $7.5 | $7.75 | $140.00 | $38.8K | 123 | 62 |
| ALAB | PUT | SWEEP | NEUTRAL | 01/17/25 | $7.7 | $7.0 | $7.56 | $140.00 | $37.2K | 123 | 112 |
| ALAB | PUT | TRADE | NEUTRAL | 01/17/25 | $36.8 | $35.8 | $36.21 | $180.00 | $36.2K | 47 | 30 |
About Astera Labs
Astera Labs Inc is a company that offers an Intelligent Connectivity Platform, comprised of Semiconductor-based, high-speed mixed-signal connectivity products that integrate a matrix of microcontrollers and sensors. COSMOS, their software suite which is embedded in its connectivity products and integrated into their customers' systems. The Company delivers critical connectivity performance, enables flexibility and customization, and supports observability and predictive analytics. This approach addresses the data, network, and memory bottlenecks, scalability, and other infrastructure requirements of hyperscalers and system original equipment manufacturers.
After a thorough review of the options trading surrounding Astera Labs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Astera Labs
- With a trading volume of 839,860, the price of ALAB is up by 1.73%, reaching $144.04.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 88 days from now.
What Analysts Are Saying About Astera Labs
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $142.0.
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. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on Astera Labs, which currently sits at a price target of $142.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Astera Labs with Benzinga Pro for real-time alerts.
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