Check Out What Whales Are Doing With ALB

Whales with a lot of money to spend have taken a noticeably bearish stance on Albemarle.

Looking at options history for Albemarle ALB we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $266,230 and 3, calls, for a total amount of $138,820.

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What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $180.0 for Albemarle during the past quarter.

Insights into Volume & Open Interest

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 $75.0 to $180.0, over the past month.

Albemarle Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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.

In light of the recent options history for Albemarle, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Albemarle's Current Market Status

• Currently trading with a volume of 1,082,013, the ALB's price is up by 0.8%, now at $109.6.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 8 days.

Professional Analyst Ratings for Albemarle

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $157.0.

• An analyst from TD Cowen downgraded its action to Market Perform with a price target of $130.
• 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.
• Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for Albemarle, targeting a price of $130.
• Reflecting concerns, an analyst from Deutsche Bank lowers its rating to Hold with a new price target of $135.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Albemarle with Benzinga Pro for real-time alerts.