Whales with a lot of money to spend have taken a noticeably bullish stance on Ramaco Resources.
Looking at options history for Ramaco Resources METC we detected 23 trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 39% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $158,310 and 20, calls, for a total amount of $1,721,422.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $8.0 to $19.0 for Ramaco Resources over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Ramaco Resources options trades today is 3893.0 with a total volume of 23,270.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Ramaco Resources's big money trades within a strike price range of $8.0 to $19.0 over the last 30 days.
Ramaco Resources Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| METC | CALL | SWEEP | BULLISH | 11/15/24 | $8.00 | $312.6K | 6.7K | 2.6K |
| METC | CALL | TRADE | NEUTRAL | 11/15/24 | $8.00 | $156.0K | 6.7K | 2.4K |
| METC | CALL | TRADE | BEARISH | 11/15/24 | $8.00 | $156.0K | 6.7K | 2.4K |
| METC | CALL | SWEEP | BULLISH | 11/15/24 | $8.00 | $129.0K | 6.7K | 500 |
| METC | CALL | TRADE | BULLISH | 11/15/24 | $8.00 | $124.8K | 6.7K | 3.2K |
About Ramaco Resources
Ramaco Resources Inc is a United States-based company engaged in operating and developing high-quality, low-cost metallurgical coal in southern West Virginia, southwestern Virginia and southwestern Pennsylvania. Its only revenue-generating product is metallurgical coal which is used to make metallurgical coke. This is used as an input in the blast furnace steel-making process. The company's customer base encompasses U.S.-based blast furnace steel mills and U.S.-based coke plants, as well as international metallurgical coal consumers. Ramaco's portfolio comprises of the Elk Creek, Berwind, RAM Mine, and Knox Creek projects.
After a thorough review of the options trading surrounding Ramaco Resources, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Ramaco Resources's Current Market Status
- Trading volume stands at 1,021,590, with METC's price down by -1.37%, positioned at $16.55.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 86 days.
Expert Opinions on Ramaco Resources
1 market experts have recently issued ratings for this stock, with a consensus target price of $20.0.
- An analyst from Benchmark has decided to maintain their Buy rating on Ramaco Resources, which currently sits at a price target of $20.
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 Ramaco Resources, Benzinga Pro gives you real-time options trades alerts.
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