Investors with a lot of money to spend have taken a bullish stance on AST SpaceMobile (NASDAQ:ASTS).
And retail traders should know.
We noticed this today when the positions 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.
Today, Benzinga's options scanner spotted 17 options trades for AST SpaceMobile.
This isn't normal.
The overall sentiment of these big-money traders is split between 64% bullish and 29%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $35,412, and 16, calls, for a total amount of $707,369.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.5 to $35.0 for AST SpaceMobile over the recent three months.
Analyzing Volume & Open Interest
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 AST SpaceMobile'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 AST SpaceMobile's whale activity within a strike price range from $12.5 to $35.0 in the last 30 days.
AST SpaceMobile 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASTS | CALL | TRADE | BEARISH | 01/17/25 | $5.0 | $4.9 | $4.9 | $20.00 | $96.0K | 11.8K | 215 |
| ASTS | CALL | SWEEP | BULLISH | 01/17/25 | $8.8 | $8.6 | $8.76 | $15.00 | $70.9K | 6.7K | 125 |
| ASTS | CALL | TRADE | BEARISH | 01/03/25 | $3.2 | $2.65 | $2.85 | $23.00 | $57.0K | 40 | 200 |
| ASTS | CALL | SWEEP | BULLISH | 01/17/25 | $4.9 | $4.8 | $4.9 | $20.00 | $49.0K | 11.8K | 315 |
| ASTS | CALL | SWEEP | BULLISH | 12/20/24 | $2.35 | $2.2 | $2.33 | $23.00 | $46.9K | 567 | 400 |
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.
Having examined the options trading patterns of AST SpaceMobile, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
AST SpaceMobile's Current Market Status
- With a trading volume of 3,175,276, the price of ASTS is down by -1.29%, reaching $22.92.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 118 days from now.
What The Experts Say On AST SpaceMobile
2 market experts have recently issued ratings for this stock, with a consensus target price of $37.85.
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. * Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for AST SpaceMobile, targeting a price of $44. * Maintaining their stance, an analyst from UBS continues to hold a Buy rating for AST SpaceMobile, targeting a price of $31.
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.
