Looking At Albemarle's Recent Whale Trades

Looking At Albemarle's Recent Whale Trades

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

Looking at options history for Albemarle ALB we detected 20 strange trades.

If we consider the specifics of each trade, it is accurate to state that 10% of the investors opened trades with bullish expectations and 90% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $827,298 and 11, calls, for a total amount of $456,316.

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 $160.0 to $350.0 for Albemarle over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $160.0 to $350.0 in the last 30 days.

Albemarle 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
ALB PUT SWEEP BEARISH 01/19/24 $240.00 $443.1K 159 251
ALB CALL SWEEP BEARISH 10/21/22 $270.00 $64.6K 125 3
ALB CALL SWEEP BULLISH 09/16/22 $290.00 $64.5K 537 142
ALB CALL TRADE BEARISH 09/16/22 $290.00 $63.7K 537 219
ALB PUT SWEEP BEARISH 01/19/24 $240.00 $60.1K 159 64

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ALB PUT SWEEP BEARISH 01/19/24 $240.00 $443.1K 159 251
ALB CALL SWEEP BEARISH 10/21/22 $270.00 $64.6K 125 3
ALB CALL SWEEP BULLISH 09/16/22 $290.00 $64.5K 537 142
ALB CALL TRADE BEARISH 09/16/22 $290.00 $63.7K 537 219
ALB PUT SWEEP BEARISH 01/19/24 $240.00 $60.1K 159 64

Where Is Albemarle Standing Right Now?

  • With a volume of 782,658, the price of ALB is down -0.55% at $298.71.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 51 days.

What The Experts Say On Albemarle:

  • Citigroup has decided to maintain their Buy rating on Albemarle, which currently sits at a price target of $345.
  • RBC Capital has decided to maintain their Outperform rating on Albemarle, which currently sits at a price target of $371.

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.

Posted In: BZI-UOAOptionsMarkets