What the Options Market Tells Us About Albemarle

Whales with a lot of money to spend have taken a noticeably bullish stance on Albemarle.

Looking at options history for Albemarle ALB we detected 12 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 41% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $1,196,115 and 3, calls, for a total amount of $111,000.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $200.0 for Albemarle during the past quarter.

Insights into Volume & Open Interest

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 $75.0 to $200.0 in the last 30 days.

Albemarle Call and Put Volume: 30-Day Overview

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.

Following our analysis of the options activities associated with Albemarle, we pivot to a closer look at the company's own performance.

Current Position of Albemarle

• With a trading volume of 1,250,831, the price of ALB is up by 2.15%, reaching $92.96.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 5 days from now.

Professional Analyst Ratings for Albemarle

5 market experts have recently issued ratings for this stock, with a consensus target price of $116.4.

• An analyst from Baird has decided to maintain their Outperform rating on Albemarle, which currently sits at a price target of $127.
• An analyst from Keybanc has decided to maintain their Overweight rating on Albemarle, which currently sits at a price target of $151.
• In a cautious move, an analyst from HSBC downgraded its rating to Hold, setting a price target of $95.
• Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Albemarle, targeting a price of $109.
• Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Albemarle with a target price of $100.

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.