Bullish option flow detected in EchoStar with 14,365 calls trading, 89x expected, and implied vol increasing almost 93 points to 174.33%. Feb-24 17.5 calls and 1/12 weekly 5.5 (nonstd SATS1) calls are the most active options, with total volume in those strikes near 8,200 contracts. The Put/Call Ratio is 0.15. Earnings are expected on February 22nd.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SATS:
- ECHOSTAR CORPORATION UNLOCKS INCREMENTAL STRATEGIC, FINANCIAL AND OPERATING FLEXIBILITY FOLLOWING COMPLETION OF MERGER WITH DISH NETWORK CORPORATION
- EchoStar price target raised to $14.25 from $5 at Morgan Stanley
- EchoStar price target raised to $14.25 from $5 at Morgan StanleyEchoStar
- EchoStar price target raised to $39 from $12 at TD Cowen
- MoffettNathanson sets price target for EchoStar after Dish merger