A Closer Look at Alpha Metallurgical's Options Market Dynamics

Investors with a lot of money to spend have taken a bearish stance on Alpha Metallurgical AMR.

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AMR, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 12 options trades for Alpha Metallurgical.

This isn't normal.

The overall sentiment of these big-money traders is split between 41% bullish and 58%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $25,160, and 11, calls, for a total amount of $849,274.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $360.0 for Alpha Metallurgical during the past quarter.

Analyzing Volume & Open Interest

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 $150.0 to $360.0, over the past month.

Alpha Metallurgical Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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.

In light of the recent options history for Alpha Metallurgical, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Alpha Metallurgical's Current Market Status

• Currently trading with a volume of 75,799, the AMR's price is up by 4.09%, now at $317.9.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 48 days.

What Analysts Are Saying About Alpha Metallurgical

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $381.0.

• Maintaining their stance, an analyst from B. Riley Securities continues to hold a Buy rating for Alpha Metallurgical, targeting a price of $381.

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.