Investors with a lot of money to spend have taken a bearish stance on Albemarle ALB.
And retail traders should know.
We noticed this today when the trades 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 ALB, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for Albemarle.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 44%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $180,665, and 4 are calls, for a total amount of $281,165.
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 $70.0 and $125.0 for Albemarle, spanning the last 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 Albemarle'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 Albemarle's whale activity within a strike price range from $70.0 to $125.0 in the last 30 days.
Albemarle Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ALB | CALL | TRADE | BEARISH | 01/17/25 | $27.45 | $26.4 | $26.61 | $70.00 | $146.3K | 239 | 0 |
| ALB | PUT | TRADE | BULLISH | 08/30/24 | $34.45 | $33.3 | $33.72 | $125.00 | $67.4K | 0 | 0 |
| ALB | CALL | SWEEP | BEARISH | 08/16/24 | $2.05 | $1.95 | $1.96 | $105.00 | $58.8K | 1.1K | 70 |
| ALB | CALL | TRADE | BEARISH | 08/02/24 | $3.2 | $3.0 | $3.05 | $96.00 | $45.7K | 40 | 11 |
| ALB | PUT | TRADE | BEARISH | 03/21/25 | $19.9 | $19.8 | $19.9 | $100.00 | $31.8K | 1.0K | 0 |
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.
Where Is Albemarle Standing Right Now?
- With a volume of 1,294,990, the price of ALB is down -2.13% at $91.81.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 12 days.
Professional Analyst Ratings for Albemarle
5 market experts have recently issued ratings for this stock, with a consensus target price of $124.8.
- An analyst from Wells Fargo has revised its rating downward to Equal-Weight, adjusting the price target to $100.
- Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Albemarle, targeting a price of $100.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Underweight rating for Albemarle, targeting a price of $95.
- Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Albemarle, targeting a price of $178.
- An analyst from Keybanc has decided to maintain their Overweight rating on Albemarle, which currently sits at a price target of $151.
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 Albemarle, 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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