Investors with a lot of money to spend have taken a bearish stance on Alpha Metallurgical AMR.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AMR, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for Alpha Metallurgical.
This isn't normal.
The overall sentiment of these big-money traders is split between 18% bullish and 81%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $203,960, and 5 are calls, for a total amount of $404,949.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $250.0 to $660.0 for Alpha Metallurgical over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Alpha Metallurgical options trades today is 79.71 with a total volume of 215.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Alpha Metallurgical's big money trades within a strike price range of $250.0 to $660.0 over the last 30 days.
Alpha Metallurgical 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMR | CALL | SWEEP | BEARISH | 01/16/26 | $660.00 | $212.6K | 11 | 99 |
| AMR | PUT | TRADE | BEARISH | 04/19/24 | $380.00 | $61.8K | 34 | 11 |
| AMR | CALL | TRADE | BEARISH | 01/16/26 | $250.00 | $55.4K | 8 | 8 |
| AMR | CALL | TRADE | BEARISH | 01/16/26 | $660.00 | $50.0K | 11 | 30 |
| AMR | CALL | TRADE | BEARISH | 01/16/26 | $660.00 | $45.0K | 11 | 14 |
About Alpha Metallurgical
Alpha Metallurgical Resources Inc is a Tennessee-based coal mining company with operations across Virginia and West Virginia. The company's portfolio of mining operations consists of underground mines, surface mines and coal preparation plants. It produces low-ash metallurgical coal, including High-Vol. A, Mid-Vol., High-Vol. B, and Low-Vol. coal, which is shipped to domestic and international coke and steel producers. The reportable segments of the company are Met. It extracts, processes and markets met and thermal coal from deep and surface mines for sale to steel and coke producers, industrial customers, and electric utilities.
After a thorough review of the options trading surrounding Alpha Metallurgical, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Alpha Metallurgical's Current Market Status
- With a volume of 349,021, the price of AMR is down 0.0% at $344.11.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 55 days.
Expert Opinions on Alpha Metallurgical
In the last month, 1 experts released ratings on this stock with an average target price of $381.0.
- An analyst from B. Riley Securities has decided to maintain their Buy rating on Alpha Metallurgical, which currently sits at a price target of $381.
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 Alpha Metallurgical, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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