Albemarle Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bullish approach towards Albemarle ALB, 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 ALB usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Albemarle. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 41% leaning bullish and 33% bearish. Among these notable options, 6 are puts, totaling $775,187, and 6 are calls, amounting to $299,010.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $140.0 for Albemarle during the past quarter.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Albemarle's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Albemarle's substantial trades, within a strike price spectrum from $90.0 to $140.0 over the preceding 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 US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, 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.

After a thorough review of the options trading surrounding Albemarle, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Albemarle's Current Market Status

• Trading volume stands at 995,809, with ALB's price down by -1.88%, positioned at $120.28.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 58 days.

Expert Opinions on Albemarle

In the last month, 5 experts released ratings on this stock with an average target price of $147.8.

• An analyst from RBC Capital persists with their Outperform rating on Albemarle, maintaining a target price of $157.
• An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $157.
• An analyst from Scotiabank persists with their Sector Outperform rating on Albemarle, maintaining a target price of $150.
• Reflecting concerns, an analyst from Scotiabank lowers its rating to Sector Perform with a new price target of $135.
• Maintaining their stance, an analyst from Deutsche Bank continues to hold a Hold rating for Albemarle, targeting a price of $140.

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 Albemarle options trades with real-time alerts from Benzinga Pro.