A whale with a lot of money to spend has taken a noticeably bullish stance on Alpha Metallurgical.
Looking at options history for Alpha Metallurgical AMR we detected 16 strange trades.
If we consider the specifics of each trade, it is accurate to state that 68% of the investors opened trades with bullish expectations and 31% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $332,300 and 8, calls, for a total amount of $496,190.
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 $260.0 for Alpha Metallurgical 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 Alpha Metallurgical'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 Alpha Metallurgical's whale trades within a strike price range from $120.0 to $260.0 in the last 30 days.
Alpha Metallurgical 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 |
|---|---|---|---|---|---|---|---|---|
| AMR | CALL | SWEEP | BULLISH | 11/17/23 | $175.00 | $124.2K | 127 | 25 |
| AMR | CALL | TRADE | BULLISH | 11/17/23 | $240.00 | $120.0K | 40 | 100 |
| AMR | PUT | SWEEP | BULLISH | 11/17/23 | $210.00 | $89.0K | 91 | 25 |
| AMR | CALL | TRADE | BULLISH | 01/17/25 | $120.00 | $79.9K | 168 | 7 |
| AMR | PUT | SWEEP | BULLISH | 10/20/23 | $220.00 | $47.0K | 328 | 369 |
Where Is Alpha Metallurgical Standing Right Now?
- With a volume of 317,423, the price of AMR is down -6.73% at $233.56.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 21 days.
What The Experts Say On Alpha Metallurgical:
- B. Riley Securities has decided to maintain their Buy rating on Alpha Metallurgical, which currently sits at a price target of $254.
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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