Moderately bullish activity in AST SpaceMobile (ASTS), with shares up $6.17, or 7.52%, near $88.20. Options volume roughly in line with average with 71k contracts traded and calls leading puts for a put/call ratio of 0.69, compared to a typical level near 0.43. Implied volatility (IV30) is higher by 7.7 points near 116.15,in the top quartile of the past year, suggesting an expected daily move of $6.45. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to sell at Scotiabank.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASTS:
- Netflix, Veeva, AST SpaceMobile, Alphabet, Agilent: Trending by Analysts
- AST SpaceMobile Stock (ASTS) Soars on Landmark Verizon Satellite Deal
- AST SpaceMobile’s Strategic Partnerships and Market Risks Justify Hold Rating
- Verizon deal ‘a significant positive’ for AST SpaceMobile, says William Blair
- AST SpaceMobile rises 14.9%