Check Out What Whales Are Doing With ASTS

Deep-pocketed investors have adopted a bearish approach towards AST SpaceMobile (NASDAQ:ASTS), 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 ASTS usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 24 extraordinary options activities for AST SpaceMobile. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 20% leaning bullish and 50% bearish. Among these notable options, 4 are puts, totaling $285,000, and 20 are calls, amounting to $1,716,830.

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 $10.0 to $150.0 for AST SpaceMobile during the past quarter.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for AST SpaceMobile's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across AST SpaceMobile's significant trades, within a strike price range of $10.0 to $150.0, over the past month.

AST SpaceMobile 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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. 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

Current Position of AST SpaceMobile

• With a trading volume of 972,921, the price of ASTS is down by -4.03%, reaching $79.47.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 23 days from now.

Professional Analyst Ratings for AST SpaceMobile

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $54.3.

Turn $1000 into $1270 in just 20 days?

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. * Reflecting concerns, an analyst from Scotiabank lowers its rating to Sector Underperform with a new price target of $42. * An analyst from Barclays downgraded its action to Underweight with a price target of $60. * An analyst from Barclays has decided to maintain their Overweight rating on AST SpaceMobile, which currently sits at a price target of $60.

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 AST SpaceMobile with Benzinga Pro for real-time alerts.