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High-rolling investors have positioned themselves bullish on Albemarle (NYSE:ALB), and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ALB often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for Albemarle. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 20% bearish. Among all the options we identified, there was one put, amounting to $27,220, and 9 calls, totaling $750,960.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $125.0 for Albemarle over the recent three months.
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Albemarle's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Albemarle's substantial trades, within a strike price spectrum from $90.0 to $125.0 over the preceding 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
ALB | CALL | SWEEP | BULLISH | 05/17/24 | $25.0 | $23.6 | $25.0 | $100.00 | $250.0K | 526 | 0 |
ALB | CALL | TRADE | BULLISH | 05/17/24 | $6.45 | $6.3 | $6.45 | $125.00 | $129.0K | 1.3K | 370 |
ALB | CALL | SWEEP | BEARISH | 05/17/24 | $6.1 | $5.75 | $6.05 | $125.00 | $104.0K | 1.3K | 54 |
ALB | CALL | TRADE | NEUTRAL | 05/17/24 | $6.95 | $6.15 | $6.56 | $125.00 | $65.6K | 1.3K | 270 |
ALB | CALL | TRADE | NEUTRAL | 05/17/24 | $26.2 | $23.95 | $25.0 | $100.00 | $55.0K | 526 | 100 |
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 U.S. and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the U.S., 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.
Following our analysis of the options activities associated with Albemarle, we pivot to a closer look at the company's own performance.
In the last month, 4 experts released ratings on this stock with an average target price of $149.0.
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.
Posted In: ALB