High-rolling investors have positioned themselves bullish on EchoStar (NASDAQ:SATS), and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in SATS often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 13 options trades for EchoStar. This is not a typical pattern.

The sentiment among these major traders is split, with 38% bullish and 30% bearish. Among all the options we identified, there was one put, amounting to $45,000, and 12 calls, totaling $7,368,495.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $47.0 to $160.0 for EchoStar during the past quarter.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for EchoStar options trades today is 1100.5 with a total volume of 2,664.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for EchoStar's big money trades within a strike price range of $47.0 to $160.0 over the last 30 days.

EchoStar Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About EchoStar

Satellite television provides the bulk of EchoStar's revenue. The firm serves about 5 million US satellite customers, about 10% of the traditional television market. It also serves 2 million customers under the Sling brand. EchoStar has also amassed an extensive portfolio of spectrum licenses and is building a nationwide wireless network. It acquired Sprint's prepaid business, serving approximately 7 million customers, primarily under the Boost brand. The firm has agreed to sell a portion of its wireless licenses to AT&T and SpaceX, and will rely heavily on the AT&T network to serve customers. EchoStar's legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 800,000 internet customers.

Having examined the options trading patterns of EchoStar, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is EchoStar Standing Right Now?

• With a volume of 3,528,152, the price of SATS is up 1.0% at $124.98.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 43 days.

Professional Analyst Ratings for EchoStar

4 market experts have recently issued ratings for this stock, with a consensus target price of $131.25.

• An analyst from UBS has decided to maintain their Neutral rating on EchoStar, which currently sits at a price target of $125.
• Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for EchoStar, targeting a price of $158.
• An analyst from Citigroup has decided to maintain their Neutral rating on EchoStar, which currently sits at a price target of $111.
• Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on EchoStar with a target price of $131.

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.