Financial giants have made a conspicuous bullish move on Albemarle. Our analysis of options history for Albemarle ALB revealed 10 unusual trades.
Delving into the details, we found 70% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $603,417, and 7 were calls, valued at $239,403.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $230.0 for Albemarle during the past quarter.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Albemarle's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Albemarle's substantial trades, within a strike price spectrum from $90.0 to $230.0 over the preceding 30 days.
Albemarle Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ALB | PUT | SWEEP | BULLISH | 04/19/24 | $90.00 | $519.3K | 81 | 1 |
| ALB | CALL | TRADE | BULLISH | 01/16/26 | $230.00 | $56.0K | 87 | 59 |
| ALB | PUT | TRADE | BULLISH | 03/08/24 | $122.00 | $51.5K | 34 | 104 |
| ALB | CALL | SWEEP | BULLISH | 06/21/24 | $150.00 | $44.6K | 1.4K | 639 |
| ALB | PUT | TRADE | BULLISH | 03/15/24 | $121.00 | $32.5K | 4 | 65 |
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.
Following our analysis of the options activities associated with Albemarle, we pivot to a closer look at the company's own performance.
Where Is Albemarle Standing Right Now?
- Trading volume stands at 1,966,634, with ALB's price up by 0.85%, positioned at $119.19.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 68 days.
Professional Analyst Ratings for Albemarle
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $140.6.
- Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Albemarle with a target price of $178.
- Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Albemarle with a target price of $138.
- Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Albemarle, targeting a price of $137.
- An analyst from TD Cowen downgraded its action to Market Perform with a price target of $130.
- An analyst from Citigroup has revised its rating downward to Neutral, adjusting the price target to $120.
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. Stay informed about the latest Albemarle options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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