Investors with a lot of money to spend have taken a bullish stance on Alpha Metallurgical AMR.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AMR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Alpha Metallurgical.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 25%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $25,500, and 7, calls, for a total amount of $259,190.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $170.0 and $330.0 for Alpha Metallurgical, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Alpha Metallurgical options trades today is 49.4 with a total volume of 16.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Alpha Metallurgical's big money trades within a strike price range of $170.0 to $330.0 over the last 30 days.
Alpha Metallurgical Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMR | CALL | SWEEP | BULLISH | 07/19/24 | $5.1 | $3.3 | $5.1 | $320.00 | $51.0K | 125 | 3 |
| AMR | CALL | SWEEP | BULLISH | 07/19/24 | $3.0 | $1.6 | $2.95 | $330.00 | $43.5K | 64 | 1 |
| AMR | CALL | TRADE | NEUTRAL | 01/16/26 | $177.0 | $167.0 | $172.0 | $170.00 | $34.4K | 19 | 6 |
| AMR | CALL | TRADE | NEUTRAL | 01/16/26 | $173.5 | $165.0 | $169.6 | $170.00 | $33.9K | 19 | 2 |
| AMR | CALL | TRADE | BEARISH | 01/16/26 | $173.9 | $169.3 | $169.3 | $170.00 | $33.8K | 19 | 4 |
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.
Having examined the options trading patterns of Alpha Metallurgical, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Alpha Metallurgical
- With a trading volume of 76,470, the price of AMR is up by 12.12%, reaching $314.54.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 32 days from now.
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.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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