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 22 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, 14 are puts, for a total amount of $2,033,756 and 8, calls, for a total amount of $867,653.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $180.0 for Albemarle over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Albemarle stands at 703.22, with a total volume reaching 2,876.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Albemarle, situated within the strike price corridor from $90.0 to $180.0, throughout the last 30 days.
Albemarle Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ALB | PUT | TRADE | BULLISH | 01/17/25 | $90.00 | $1.1M | 432 | 0 |
| ALB | CALL | SWEEP | BULLISH | 01/19/24 | $110.00 | $498.3K | 1.1K | 278 |
| ALB | PUT | TRADE | BULLISH | 12/15/23 | $120.00 | $333.7K | 1.0K | 1.0K |
| ALB | PUT | TRADE | BULLISH | 12/15/23 | $120.00 | $128.7K | 1.0K | 284 |
| ALB | CALL | TRADE | BEARISH | 01/19/24 | $110.00 | $79.2K | 1.1K | 323 |
About Albemarle
Albemarle is the world's largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries. Albemarle produces lithium from its salt brine deposits in Chile and the U.S. and its hard rock joint venture mines in Australia. Albemarle is a global leader in the production of bromine, used in flame retardants. The company is also a major producer of oil refining catalysts.
In light of the recent options history for Albemarle, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Albemarle's Current Market Status
- Trading volume stands at 2,438,908, with ALB's price down by -3.0%, positioned at $125.01.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 79 days.
Expert Opinions on Albemarle
In the last month, 5 experts released ratings on this stock with an average target price of $198.2.
- Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Albemarle with a target price of $163.
- In a cautious move, an analyst from UBS downgraded its rating to Neutral, setting a price target of $140.
- An analyst from Oppenheimer persists with their Outperform rating on Albemarle, maintaining a target price of $308.
- An analyst from BMO Capital persists with their Outperform rating on Albemarle, maintaining a target price of $180.
- Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Albemarle with a target price of $200.
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.
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