Financial giants have made a conspicuous bullish move on Alpha Metallurgical. Our analysis of options history for Alpha Metallurgical AMR revealed 10 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $327,300, and 5 were calls, valued at $396,039.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $230.0 to $450.0 for Alpha Metallurgical over the last 3 months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Alpha Metallurgical's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Alpha Metallurgical's significant trades, within a strike price range of $230.0 to $450.0, over the past month.
Alpha Metallurgical Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMR | CALL | SWEEP | BEARISH | 01/19/24 | $370.00 | $139.9K | 302 | 105 |
| AMR | CALL | TRADE | BULLISH | 02/16/24 | $250.00 | $107.7K | 79 | 10 |
| AMR | PUT | TRADE | BULLISH | 05/17/24 | $450.00 | $102.0K | 11 | 0 |
| AMR | PUT | TRADE | BULLISH | 02/16/24 | $450.00 | $94.9K | 15 | 10 |
| AMR | CALL | TRADE | BEARISH | 01/19/24 | $370.00 | $70.4K | 302 | 327 |
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.
Present Market Standing of Alpha Metallurgical
- Currently trading with a volume of 134,124, the AMR's price is down by 0.0%, now at $358.71.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 36 days.
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 Alpha Metallurgical with Benzinga Pro for real-time alerts.
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