Deep-pocketed investors have adopted a bearish approach towards Alpha Metallurgical AMR, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AMR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Alpha Metallurgical. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 70% bearish. Among these notable options, 2 are puts, totaling $63,800, and 8 are calls, amounting to $540,290.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $410.0 for Alpha Metallurgical over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $90.0 to $410.0 in 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 | BULLISH | 06/21/24 | $190.00 | $214.9K | 2 | 10 |
| AMR | CALL | TRADE | NEUTRAL | 01/17/25 | $185.00 | $71.2K | 87 | 3 |
| AMR | CALL | TRADE | BEARISH | 01/17/25 | $185.00 | $71.1K | 87 | 6 |
| AMR | CALL | TRADE | BEARISH | 05/17/24 | $400.00 | $51.0K | 125 | 0 |
| AMR | CALL | TRADE | NEUTRAL | 01/17/25 | $185.00 | $47.4K | 87 | 8 |
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?
- Currently trading with a volume of 127,351, the AMR's price is up by 0.63%, now at $405.0.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 31 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.
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