Astera Labs Unusual Options Activity For March 26

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 11 uncommon options trades for Astera Labs.

This isn't normal.

The overall sentiment of these big-money traders is split between 36% bullish and 27%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $317,327, and 5 are calls, for a total amount of $255,760.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $100.0 for Astera Labs over the last 3 months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Astera Labs's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Astera Labs's significant trades, within a strike price range of $55.0 to $100.0, over the past month.

Astera Labs Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About Astera Labs

Astera Labs Inc designs and delivers semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform integrates semiconductor technology, microcontrollers, sensors, and software to enhance performance, scalability, and data management. The company offers products such as integrated circuits (ICs), boards, and modules, catering to hyperscalers and system OEMs. The company's solutions focus on data, network, and memory management in AI-driven platforms.

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

• With a volume of 1,873,404, the price of ALAB is down -7.32% at $66.91.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 59 days.

What The Experts Say On 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 $82.0.

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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 Raymond James downgraded its action to Outperform with a price target of $82.

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.