Looking At EchoStar's Recent Unusual Options Activity

High-rolling investors have positioned themselves bullish on EchoStar 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 10 options trades for EchoStar. This is not a typical pattern.

The sentiment among these major traders is split, with 70% bullish and 30% bearish. Among all the options we identified, there was one put, amounting to $65,000, and 9 calls, totaling $635,658.

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What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $15.0 and $20.0 for EchoStar, spanning the last three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of EchoStar stands at 183.5, with a total volume reaching 17,838.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in EchoStar, situated within the strike price corridor from $15.0 to $20.0, throughout the last 30 days.

EchoStar Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About EchoStar

EchoStar Corporation is a provider of broadband technology and video delivery solutions for the home and office. The firm operates in two segments - Hughes, which provides satellite broadband Internet access to North American customers and EchoStar Satellite Services, which uses owned and leased in-orbit satellites to provide services primarily to DISH Network.

Current Position of EchoStar

• Trading volume stands at 7,612,325, with SATS's price up by 2.69%, positioned at $13.0.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 42 days.

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 EchoStar with Benzinga Pro for real-time alerts.