Deep-pocketed investors have adopted a bearish 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 15 extraordinary options activities for Albemarle. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 10 are puts, totaling $549,822, and 5 are calls, amounting to $205,530.
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 $90.0 to $120.0 for Albemarle over the last 3 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 $90.0 to $120.0 in the last 30 days.
Albemarle Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ALB | CALL | TRADE | BEARISH | 01/16/26 | $23.5 | $23.0 | $23.0 | $100.00 | $69.0K | 182 | 0 |
| ALB | PUT | TRADE | BEARISH | 06/20/25 | $20.05 | $19.95 | $20.05 | $100.00 | $68.1K | 651 | 0 |
| ALB | PUT | TRADE | BEARISH | 06/20/25 | $20.05 | $19.95 | $20.05 | $100.00 | $68.1K | 651 | 0 |
| ALB | PUT | TRADE | BEARISH | 03/21/25 | $17.1 | $17.05 | $17.1 | $100.00 | $64.9K | 798 | 64 |
| ALB | PUT | TRADE | BULLISH | 06/20/25 | $21.1 | $19.8 | $20.05 | $100.00 | $60.1K | 651 | 140 |
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.
Where Is Albemarle Standing Right Now?
- With a volume of 1,745,823, the price of ALB is down -3.33% at $93.19.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 36 days.
Expert Opinions on Albemarle
2 market experts have recently issued ratings for this stock, with a consensus target price of $109.5.
- An analyst from Piper Sandler has decided to maintain their Underweight rating on Albemarle, which currently sits at a price target of $95.
- Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Albemarle with a target price of $124.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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