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What the Options Market Tells Us About Alpha Metallurgical

Author: Benzinga Insights | February 26, 2024 12:45pm

Financial giants have made a conspicuous bearish move on Alpha Metallurgical. Our analysis of options history for Alpha Metallurgical (NYSE:AMR) revealed 14 unusual trades.

Delving into the details, we found 42% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $207,600, and 12 were calls, valued at $694,819.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $145.0 and $520.0 for Alpha Metallurgical, spanning the last three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Alpha Metallurgical stands at 79.18, with a total volume reaching 232.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Alpha Metallurgical, situated within the strike price corridor from $145.0 to $520.0, throughout the last 30 days.

Alpha Metallurgical Call and Put Volume: 30-Day Overview

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AMR CALL TRADE BEARISH 05/17/24 $480.00 $139.2K 6 50
AMR CALL TRADE NEUTRAL 03/15/24 $450.00 $134.1K 128 90
AMR PUT TRADE BEARISH 04/19/24 $520.00 $104.0K 0 10
AMR PUT TRADE NEUTRAL 04/19/24 $520.00 $103.6K 0 10
AMR CALL SWEEP BULLISH 01/17/25 $500.00 $62.1K 27 14

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.

Present Market Standing of Alpha Metallurgical

  • Currently trading with a volume of 210,139, the AMR's price is up by 4.9%, now at $409.0.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 0 days.

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 Alpha Metallurgical, Benzinga Pro gives you real-time options trades alerts.

Posted In: AMR

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