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 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 ALAB, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Astera Labs.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $55,500, and 8, calls, for a total amount of $413,781.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $100.0 for Astera Labs during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $35.0 to $100.0 in the last 30 days.
Astera Labs Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ALAB | CALL | TRADE | BULLISH | 10/18/24 | $21.0 | $20.0 | $21.0 | $50.00 | $73.5K | 43 | 39 |
| ALAB | CALL | SWEEP | BULLISH | 01/17/25 | $32.7 | $30.9 | $32.52 | $35.00 | $65.0K | 1 | 2 |
| ALAB | CALL | SWEEP | BULLISH | 05/17/24 | $7.7 | $7.6 | $7.6 | $65.00 | $63.8K | 37 | 89 |
| ALAB | CALL | SWEEP | BULLISH | 05/17/24 | $6.1 | $5.6 | $5.9 | $65.00 | $59.0K | 37 | 472 |
| ALAB | PUT | TRADE | BEARISH | 04/19/24 | $11.1 | $10.7 | $11.1 | $75.00 | $55.5K | 425 | 66 |
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.
Having examined the options trading patterns of Astera Labs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Astera Labs
- Trading volume stands at 3,996,863, with ALAB's price down by -10.18%, positioned at $63.7.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 14 days.
What Analysts Are Saying About Astera Labs
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $88.0.
- Reflecting concerns, an analyst from Evercore ISI Group lowers its rating to Outperform with a new price target of $100.
- An analyst from Barclays downgraded its action to Overweight with a price target of $85.
- Reflecting concerns, an analyst from Roth MKM lowers its rating to Buy with a new price target of $85.
- In a cautious move, an analyst from JP Morgan downgraded its rating to Overweight, setting a price target of $85.
- Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $85.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Astera Labs, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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