A whale with a lot of money to spend has taken a noticeably bearish stance on Alpha Metallurgical.
Looking at options history for Alpha Metallurgical AMR we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $187,000 and 7, calls, for a total amount of $749,754.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $160.0 to $250.0 for Alpha Metallurgical over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Alpha Metallurgical options trades today is 467.4 with a total volume of 1,575.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Alpha Metallurgical's big money trades within a strike price range of $160.0 to $250.0 over the last 30 days.
Alpha Metallurgical Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMR | CALL | TRADE | NEUTRAL | 11/17/23 | $220.00 | $335.5K | 841 | 414 |
| AMR | CALL | SWEEP | BEARISH | 01/19/24 | $250.00 | $137.0K | 681 | 100 |
| AMR | CALL | SWEEP | BEARISH | 11/17/23 | $220.00 | $110.5K | 841 | 111 |
| AMR | PUT | TRADE | BEARISH | 11/17/23 | $230.00 | $72.0K | 436 | 319 |
| AMR | PUT | TRADE | BEARISH | 11/17/23 | $230.00 | $57.5K | 436 | 119 |
Ready to win big? Discover the #1 strategy for trading options in today's unpredictable market... with potential gains of 44%, 125% and even 411% every month on average. Starting at only $1 a day. Click here now.
Where Is Alpha Metallurgical Standing Right Now?
- With a volume of 236,543, the price of AMR is down -2.42% at $218.0.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 0 days.
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.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
