EchoStar's Options: A Look at What the Big Money is Thinking

Whales with a lot of money to spend have taken a noticeably bullish stance on EchoStar.

Looking at options history for EchoStar (NASDAQ:SATS) we detected 63 trades.

If we consider the specifics of each trade, it is accurate to state that 69% of the investors opened trades with bullish expectations and 11% with bearish.

From the overall spotted trades, 24 are puts, for a total amount of $980,219 and 39, calls, for a total amount of $1,845,090.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $190.0 for EchoStar over the recent three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for EchoStar options trades today is 919.3 with a total volume of 50,520.00.

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 $90.0 to $190.0 over the last 30 days.

EchoStar 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About EchoStar

Where Is EchoStar Standing Right Now?

• With a volume of 2,030,643, the price of SATS is up 1.58% at $115.25.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 27 days.

Professional Analyst Ratings for EchoStar

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $158.0.

• Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for EchoStar, targeting a price of $158.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements.