Deep-pocketed investors have adopted a bearish approach towards Alpha Metallurgical AMR, 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 AMR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Alpha Metallurgical. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 44% leaning bullish and 55% bearish. Among these notable options, 3 are puts, totaling $222,242, and 6 are calls, amounting to $349,337.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $310.0 to $310.0 for Alpha Metallurgical over the recent three 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 Alpha Metallurgical's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Alpha Metallurgical's substantial trades, within a strike price spectrum from $310.0 to $310.0 over the preceding 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 | PUT | SWEEP | BEARISH | 01/19/24 | $310.00 | $154.6K | 315 | 72 |
| AMR | CALL | SWEEP | BULLISH | 01/19/24 | $310.00 | $76.8K | 1.1K | 433 |
| AMR | CALL | SWEEP | NEUTRAL | 01/19/24 | $310.00 | $70.0K | 1.1K | 519 |
| AMR | CALL | TRADE | BULLISH | 01/19/24 | $310.00 | $61.2K | 1.1K | 207 |
| AMR | CALL | SWEEP | BULLISH | 01/19/24 | $310.00 | $53.7K | 1.1K | 307 |
About Alpha Metallurgical
Alpha Metallurgical Resources Inc is a Tennessee-based coal mining company with operations across Virginia and West Virginia. The company's portfolio of mining operations consists of underground mines, surface mines and coal preparation plants. It produces low-ash metallurgical coal, including High-Vol. A, Mid-Vol., High-Vol. B, and Low-Vol. coal, which is shipped to domestic and international coke and steel producers. The reportable segments of the company are Met. It extracts, processes and markets met and thermal coal from deep and surface mines for sale to steel and coke producers, industrial customers, and electric utilities.
After a thorough review of the options trading surrounding Alpha Metallurgical, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Alpha Metallurgical
- Currently trading with a volume of 93,738, the AMR's price is down by 0.0%, now at $293.52.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 72 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Alpha Metallurgical options trades with real-time alerts from Benzinga Pro.
© 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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