27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bearish stance on Albemarle.
Looking at options history for Albemarle (NYSE:ALB) we detected 18 strange trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $202,712 and 13, calls, for a total amount of $808,734.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $170.0 to $250.0 for Albemarle over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Albemarle options trades today is 520.73 with a total volume of 1,943.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Albemarle's big money trades within a strike price range of $170.0 to $250.0 over the last 30 days.
Albemarle Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ALB | CALL | TRADE | BEARISH | 09/15/23 | $180.00 | $181.3K | 1.1K | 253 |
| ALB | CALL | TRADE | BULLISH | 11/17/23 | $200.00 | $89.7K | 561 | 232 |
| ALB | CALL | TRADE | NEUTRAL | 11/17/23 | $200.00 | $88.2K | 561 | 147 |
| ALB | CALL | SWEEP | BEARISH | 11/17/23 | $200.00 | $74.3K | 561 | 76 |
| ALB | CALL | SWEEP | BULLISH | 11/17/23 | $200.00 | $73.3K | 561 | 297 |
Where Is Albemarle Standing Right Now?
- With a volume of 1,276,704, the price of ALB is up 4.39% at $197.97.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 64 days.
What The Experts Say On Albemarle:
- Deutsche Bank has decided to maintain their Buy rating on Albemarle, which currently sits at a price target of $250.
- Wells Fargo has decided to maintain their Overweight rating on Albemarle, which currently sits at a price target of $260.
- B of A Securities has decided to maintain their Neutral rating on Albemarle, which currently sits at a price target of $212.
- Credit Suisse has decided to maintain their Underperform rating on Albemarle, which currently sits at a price target of $185.
- RBC Capital has decided to maintain their Outperform rating on Albemarle, which currently sits at a price target of $260.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Albemarle, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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