Option traders moderately bearish in AST SpaceMobile (ASTS), with shares down $11.29 near $67.33. Options volume running well above average with 168k contracts traded and puts leading calls for a put/call ratio of 1.21, compared to a typical level near 0.48. Implied volatility (IV30) is higher by 2.3 points near 117.99,in the top quartile of the past year, suggesting an expected daily move of $5.00. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Underweight at Barclays.Looking ahead: AST SpaceMobile (ASTS) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASTS:
- AST SpaceMobile Announces $850M Convertible Notes Offering
- AST SpaceMobile announces $850M convertible senior notes offering
- BNP Paribas Trims Verizon Stock (VZ) Price Target over Dull Outlook on Leadership Shakeup
- AST SpaceMobile’s Stock Tumbles Amid Downgrades
- Mixed options sentiment in AST SpaceMobile with shares down 6.79%