Albemarle Options Trading: A Deep Dive into Market Sentiment - Albemarle (NYSE:ALB)

Financial giants have made a conspicuous bullish move on Albemarle. Our analysis of options history for Albemarle ALB revealed 8 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $80,065, and 6 were calls, valued at $432,988.

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 $90.0 to $121.0 for Albemarle over the last 3 months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Albemarle's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Albemarle's significant trades, within a strike price range of $90.0 to $121.0, over the past month.

Albemarle Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Strike Price	Total Trade Price	Open Interest	Volume
ALB	CALL	TRADE	BULLISH	03/15/24	$100.00	$205.0K	354	100
ALB	CALL	TRADE	BULLISH	01/16/26	$120.00	$57.4K	111	30
ALB	CALL	TRADE	NEUTRAL	02/02/24	$105.00	$55.2K	0	0
ALB	PUT	TRADE	BULLISH	02/16/24	$121.00	$53.2K	84	83
ALB	CALL	SWEEP	BEARISH	03/15/24	$100.00	$45.1K	354	100

About Albemarle

Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the U.S. and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the U.S., Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.

Having examined the options trading patterns of Albemarle, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Albemarle

With a trading volume of 1,202,393, the price of ALB is down by -2.88%, reaching $118.19.
Current RSI values indicate that the stock is may be oversold.
Next earnings report is scheduled for 20 days from now.

Expert Opinions on Albemarle

5 market experts have recently issued ratings for this stock, with a consensus target price of $159.4.

Reflecting concerns, an analyst from Deutsche Bank lowers its rating to Hold with a new price target of $135.
Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for Albemarle, targeting a price of $130.
Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Albemarle with a target price of $142.
Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Albemarle with a target price of $199.
Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Albemarle, targeting a price of $191.

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.

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