Whales with a lot of money to spend have taken a noticeably bearish stance on Alpha Metallurgical.
Looking at options history for Alpha Metallurgical AMR we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $420,632 and 6, calls, for a total amount of $392,855.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $380.0 for Alpha Metallurgical, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Alpha Metallurgical'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 Alpha Metallurgical's whale trades within a strike price range from $200.0 to $380.0 in the last 30 days.
Alpha Metallurgical Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMR | CALL | SWEEP | BULLISH | 05/17/24 | $350.00 | $246.7K | 56 | 0 |
| AMR | PUT | SWEEP | BEARISH | 01/19/24 | $370.00 | $137.7K | 741 | 43 |
| AMR | PUT | TRADE | BULLISH | 01/19/24 | $370.00 | $115.6K | 741 | 0 |
| AMR | PUT | SWEEP | BEARISH | 01/19/24 | $370.00 | $42.4K | 741 | 143 |
| AMR | PUT | SWEEP | BEARISH | 01/19/24 | $370.00 | $37.6K | 741 | 113 |
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.
Following our analysis of the options activities associated with Alpha Metallurgical, we pivot to a closer look at the company's own performance.
Where Is Alpha Metallurgical Standing Right Now?
- With a trading volume of 79,217, the price of AMR is down by 0.0%, reaching $347.53.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 57 days from now.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Alpha Metallurgical, Benzinga Pro gives you real-time options trades alerts.
© 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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