Whales with a lot of money to spend have taken a noticeably bullish stance on Albemarle.
Looking at options history for Albemarle ALB we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 42% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $1,075,344 and 5, calls, for a total amount of $219,760.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $170.0 for Albemarle over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Albemarle's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Albemarle's whale activity within a strike price range from $100.0 to $170.0 in the last 30 days.
Albemarle Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ALB | PUT | SWEEP | BULLISH | 01/17/25 | $170.00 | $538.0K | 1.8K | 100 |
| ALB | PUT | TRADE | BULLISH | 01/17/25 | $100.00 | $215.0K | 1.2K | 215 |
| ALB | PUT | SWEEP | BEARISH | 01/16/26 | $110.00 | $84.7K | 867 | 41 |
| ALB | CALL | TRADE | BEARISH | 05/17/24 | $120.00 | $65.2K | 88 | 86 |
| ALB | PUT | SWEEP | BULLISH | 03/21/25 | $125.00 | $57.7K | 5 | 40 |
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
Where Is Albemarle Standing Right Now?
- Currently trading with a volume of 1,163,162, the ALB's price is down by -0.5%, now at $120.25.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 37 days.
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.
© 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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