Benzinga's options scanner just detected over 10 options trades for Albemarle ALB summing a total amount of $596,305.
At the same time, our algo caught 4 for a total amount of 223,395.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $250.0 for Albemarle over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Albemarle options trades today is 2205.88 with a total volume of 2,928.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Albemarle's big money trades within a strike price range of $80.0 to $250.0 over the last 30 days.
Albemarle 30-Day Option Volume & Interest Snapshot
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 | SWEEP | BULLISH | 01/16/26 | $14.2 | $14.15 | $14.2 | $115.00 | $144.8K | 118 | 702 |
| ALB | CALL | TRADE | BEARISH | 01/16/26 | $15.15 | $14.15 | $14.2 | $115.00 | $142.0K | 118 | 1.0K |
| ALB | CALL | SWEEP | BULLISH | 01/16/26 | $14.2 | $12.75 | $14.2 | $115.00 | $140.5K | 118 | 801 |
| ALB | PUT | SWEEP | BULLISH | 12/20/24 | $7.4 | $7.2 | $7.3 | $85.00 | $64.3K | 947 | 126 |
| ALB | PUT | SWEEP | BULLISH | 01/17/25 | $161.25 | $160.45 | $160.71 | $250.00 | $64.2K | 8 | 4 |
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
- Trading volume stands at 1,193,547, with ALB's price up by 3.79%, positioned at $89.29.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 37 days.
What The Experts Say On Albemarle
In the last month, 1 experts released ratings on this stock with an average target price of $170.0.
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Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Albemarle with Benzinga Pro for real-time alerts.
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