Whales with a lot of money to spend have taken a noticeably bearish stance on Alcoa.
Looking at options history for Alcoa AA we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $267,629 and 4, calls, for a total amount of $216,742.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $55.0 for Alcoa over the recent three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Alcoa's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Alcoa's substantial trades, within a strike price spectrum from $30.0 to $55.0 over the preceding 30 days.
Alcoa 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AA | PUT | SWEEP | BULLISH | 06/20/25 | $15.6 | $15.5 | $15.6 | $55.00 | $96.7K | 17 | 1 |
| AA | PUT | SWEEP | BEARISH | 11/15/24 | $2.36 | $2.32 | $2.36 | $40.00 | $72.6K | 628 | 702 |
| AA | CALL | SWEEP | BEARISH | 11/01/24 | $2.6 | $2.59 | $2.59 | $40.00 | $64.2K | 689 | 297 |
| AA | CALL | SWEEP | BEARISH | 04/17/25 | $6.5 | $6.35 | $6.35 | $40.00 | $63.5K | 1.2K | 151 |
| AA | PUT | SWEEP | NEUTRAL | 11/15/24 | $2.4 | $2.3 | $2.4 | $40.00 | $61.6K | 628 | 262 |
About Alcoa
Alcoa Corp is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and the manufacture of primary aluminum. It is a bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain. The company segments include Bauxite; Alumina and Aluminum. It generates maximum revenue from the Aluminum segment. Geographically, it derives a majority of its revenue from the United States.
Current Position of Alcoa
- Currently trading with a volume of 2,739,623, the AA's price is up by 4.38%, now at $40.97.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 5 days.
What The Experts Say On Alcoa
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $39.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from UBS has decided to maintain their Buy rating on Alcoa, which currently sits at a price target of $40. * An analyst from B. Riley Securities has decided to maintain their Neutral rating on Alcoa, which currently sits at a price target of $41. * An analyst from JP Morgan has revised its rating downward to Neutral, adjusting the price target to $36.
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 Alcoa with Benzinga Pro for real-time alerts.
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