Deep-pocketed investors have adopted a bearish approach towards Albemarle ALB, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ALB usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Albemarle. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 75% bearish. Among these notable options, 3 are puts, totaling $129,218, and 5 are calls, amounting to $222,596.
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 $120.0 to $190.0 for Albemarle over the last 3 months.
Insights into 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 $120.0 to $190.0 over the preceding 30 days.
Albemarle Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ALB | CALL | TRADE | BULLISH | 06/21/24 | $120.00 | $54.4K | 1.3K | 2 |
| ALB | CALL | SWEEP | BEARISH | 04/05/24 | $122.00 | $49.1K | 196 | 127 |
| ALB | PUT | SWEEP | BEARISH | 05/17/24 | $130.00 | $49.1K | 43 | 39 |
| ALB | CALL | SWEEP | BULLISH | 04/05/24 | $122.00 | $45.0K | 196 | 1 |
| ALB | PUT | TRADE | NEUTRAL | 01/17/25 | $155.00 | $40.1K | 483 | 10 |
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
Present Market Standing of Albemarle
- With a volume of 1,738,118, the price of ALB is up 1.48% at $120.77.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 35 days.
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.
© 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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