Decoding Astera Labs's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bearish 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 11 uncommon options trades for Astera Labs.

This isn't normal.

The overall sentiment of these big-money traders is split between 18% bullish and 63%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $733,028, and 5 are calls, for a total amount of $338,840.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $150.0 for Astera Labs during the past quarter.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Astera Labs's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Astera Labs's whale activity within a strike price range from $100.0 to $150.0 in the last 30 days.

Astera Labs 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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.

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

Where Is Astera Labs Standing Right Now?

• Currently trading with a volume of 2,217,628, the ALAB's price is down by -5.91%, now at $123.98.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 25 days.

Expert Opinions on Astera Labs

3 market experts have recently issued ratings for this stock, with a consensus target price of $137.33333333333334.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * In a cautious move, an analyst from Northland Capital Markets downgraded its rating to Market Perform, setting a price target of $120. * An analyst from Morgan Stanley persists with their Overweight rating on Astera Labs, maintaining a target price of $142. * An analyst from Stifel has decided to maintain their Buy rating on Astera Labs, which currently sits at a price target of $150.

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.