Whales with a lot of money to spend have taken a noticeably bullish stance on Albemarle.
Looking at options history for Albemarle ALB we detected 10 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 30% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $2,286,290 and 6, calls, for a total amount of $195,347.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $80.0 and $120.0 for Albemarle, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Albemarle options trades today is 1325.5 with a total volume of 134.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Albemarle's big money trades within a strike price range of $80.0 to $120.0 over the last 30 days.
Albemarle Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ALB | PUT | SWEEP | BEARISH | 01/17/25 | $21.9 | $21.35 | $21.75 | $115.00 | $2.1M | 8.5K | 0 |
| ALB | PUT | SWEEP | BEARISH | 08/16/24 | $7.75 | $7.55 | $7.7 | $100.00 | $44.6K | 2.0K | 29 |
| ALB | CALL | SWEEP | BULLISH | 07/26/24 | $3.2 | $2.8 | $3.2 | $106.00 | $40.0K | 15 | 44 |
| ALB | CALL | SWEEP | BULLISH | 06/20/25 | $26.65 | $25.15 | $26.65 | $90.00 | $37.3K | 276 | 0 |
| ALB | PUT | TRADE | BULLISH | 03/21/25 | $9.95 | $8.95 | $9.15 | $85.00 | $36.6K | 198 | 35 |
About Albemarle
Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.
In light of the recent options history for Albemarle, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Albemarle Standing Right Now?
- Trading volume stands at 1,464,027, with ALB's price up by 1.64%, positioned at $99.01.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 29 days.
What Analysts Are Saying About Albemarle
2 market experts have recently issued ratings for this stock, with a consensus target price of $109.5.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Underweight rating for Albemarle, targeting a price of $95.
- An analyst from UBS persists with their Neutral rating on Albemarle, maintaining a target price of $124.
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 Albemarle with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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