Albemarle's Options Frenzy: What You Need to Know

Financial giants have made a conspicuous bearish move on Albemarle. Our analysis of options history for Albemarle ALB revealed 9 unusual trades.

Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $239,225, and 7 were calls, valued at $284,852.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $150.0 for Albemarle, spanning the last three 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 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 activity within a strike price range from $95.0 to $150.0 in the last 30 days.

Albemarle Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About Albemarle

Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the U.S. and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the U.S., Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It 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.

Present Market Standing of Albemarle

• With a volume of 934,288, the price of ALB is up 1.99% at $131.15.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 63 days.

Expert Opinions on Albemarle

In the last month, 5 experts released ratings on this stock with an average target price of $153.2.

• An analyst from Oppenheimer has decided to maintain their Outperform rating on Albemarle, which currently sits at a price target of $188.
• An analyst from UBS has decided to maintain their Neutral rating on Albemarle, which currently sits at a price target of $125.
• Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Albemarle, targeting a price of $138.
• Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Albemarle, targeting a price of $137.
• An analyst from Keybanc has decided to maintain their Overweight rating on Albemarle, which currently sits at a price target of $178.

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.