Looking At Alcoa's Recent Whale Trades

Looking At Alcoa's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bearish stance on Alcoa.

Looking at options history for Alcoa AA we detected 14 strange trades.

If we consider the specifics of each trade, it is accurate to state that 21% of the investors opened trades with bullish expectations and 78% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $78,265 and 11, calls, for a total amount of $738,441.

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 $40.0 to $60.0 for Alcoa over the last 3 months.

Volume & Open Interest Development

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 Alcoa'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 Alcoa's whale activity within a strike price range from $40.0 to $60.0 in the last 30 days.

Alcoa Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AA CALL TRADE BEARISH 01/20/23 $60.00 $390.0K 14.5K 1.0K
AA CALL SWEEP NEUTRAL 01/20/23 $50.00 $36.3K 5.4K 62
AA CALL SWEEP NEUTRAL 01/20/23 $50.00 $35.6K 5.4K 221
AA CALL SWEEP NEUTRAL 01/20/23 $50.00 $35.6K 5.4K 271
AA CALL TRADE NEUTRAL 01/20/23 $50.00 $35.6K 5.4K 171

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AA CALL TRADE BEARISH 01/20/23 $60.00 $390.0K 14.5K 1.0K
AA CALL SWEEP NEUTRAL 01/20/23 $50.00 $36.3K 5.4K 62
AA CALL SWEEP NEUTRAL 01/20/23 $50.00 $35.6K 5.4K 221
AA CALL SWEEP NEUTRAL 01/20/23 $50.00 $35.6K 5.4K 271
AA CALL TRADE NEUTRAL 01/20/23 $50.00 $35.6K 5.4K 171

Where Is Alcoa Standing Right Now?

  • With a volume of 2,320,429, the price of AA is down -0.86% at $47.92.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 71 days.

What The Experts Say On Alcoa:

  • Goldman Sachs has decided to maintain their Buy rating on Alcoa, which currently sits at a price target of $90.
  • Morgan Stanley has decided to maintain their Equal-Weight rating on Alcoa, which currently sits at a price target of $51.
  • BMO Capital has decided to maintain their Market Perform rating on Alcoa, which currently sits at a price target of $55.
  • Credit Suisse has decided to maintain their Neutral rating on Alcoa, which currently sits at a price target of $63.

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 Alcoa, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets