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Investors with a lot of money to spend have taken a bearish stance on Alpha Metallurgical (NYSE:AMR).
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 AMR, 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 19 uncommon options trades for Alpha Metallurgical.
This isn't normal.
The overall sentiment of these big-money traders is split between 26% bullish and 73%, bearish.
Out of all of the special options we uncovered, 10 are puts, for a total amount of $811,760, and 9 are calls, for a total amount of $1,045,430.
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 $660.0 for Alpha Metallurgical, spanning the last three months.
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 $80.0 to $660.0 in the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMR | CALL | SWEEP | BULLISH | 08/16/24 | $390.00 | $318.6K | 2 | 51 |
| AMR | CALL | SWEEP | BEARISH | 05/17/24 | $420.00 | $293.4K | 258 | 101 |
| AMR | PUT | SWEEP | BULLISH | 06/21/24 | $430.00 | $230.0K | 3 | 0 |
| AMR | PUT | SWEEP | BULLISH | 06/21/24 | $330.00 | $150.3K | 23 | 73 |
| AMR | CALL | TRADE | NEUTRAL | 04/19/24 | $300.00 | $124.3K | 50 | 10 |
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.
Having examined the options trading patterns of Alpha Metallurgical, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Alpha Metallurgical options trades with real-time alerts from Benzinga Pro.
Posted In: AMR
