Deep-pocketed investors have adopted a bullish approach towards Astera Labs ALAB, 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 ALAB usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Astera Labs. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 55% leaning bullish and 33% bearish. Among these notable options, 4 are puts, totaling $240,290, and 5 are calls, amounting to $287,152.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $90.0 for Astera Labs during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Astera Labs options trades today is 503.14 with a total volume of 768.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Astera Labs's big money trades within a strike price range of $70.0 to $90.0 over the last 30 days.
Astera Labs Option Activity Analysis: Last 30 Days
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 | 05/17/24 | $3.9 | $3.4 | $3.8 | $90.00 | $126.1K | 1.4K | 163 |
| ALAB | PUT | TRADE | BULLISH | 05/17/24 | $8.8 | $8.0 | $8.0 | $80.00 | $80.0K | 408 | 10 |
| ALAB | PUT | SWEEP | NEUTRAL | 05/17/24 | $3.5 | $2.75 | $3.18 | $70.00 | $67.4K | 795 | 91 |
| ALAB | PUT | SWEEP | BULLISH | 05/17/24 | $13.0 | $12.9 | $12.9 | $85.00 | $64.5K | 118 | 136 |
| ALAB | CALL | SWEEP | BULLISH | 05/17/24 | $3.7 | $3.4 | $3.7 | $90.00 | $51.7K | 1.4K | 158 |
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.
Astera Labs's Current Market Status
- Trading volume stands at 3,950,920, with ALAB's price down by -10.92%, positioned at $75.5.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 6 days.
What Analysts Are Saying About Astera Labs
In the last month, 5 experts released ratings on this stock with an average target price of $85.2.
- Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $85.
- In a cautious move, an analyst from Craig-Hallum downgraded its rating to Buy, setting a price target of $90.
- An analyst from JP Morgan has revised its rating downward to Overweight, adjusting the price target to $85.
- An analyst from Stifel downgraded its action to Buy with a price target of $81.
- An analyst from Jefferies has revised its rating downward to Buy, adjusting the price target to $85.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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