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Deep-pocketed investors have adopted a bearish approach towards Albemarle (NYSE:ALB), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ALB usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 31 extraordinary options activities for Albemarle. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 48% bearish. Among these notable options, 20 are puts, totaling $904,346, and 11 are calls, amounting to $495,790.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $165.0 for Albemarle over the last 3 months.
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Albemarle's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Albemarle's significant trades, within a strike price range of $45.0 to $165.0, over the past month.
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 | $13.1 | $13.05 | $13.1 | $80.00 | $115.2K | 1.2K | 111 |
ALB | CALL | TRADE | BEARISH | 10/18/24 | $11.2 | $10.85 | $10.98 | $70.00 | $109.8K | 306 | 815 |
ALB | PUT | SWEEP | BEARISH | 01/17/25 | $6.35 | $6.0 | $6.2 | $65.00 | $109.7K | 731 | 226 |
ALB | CALL | SWEEP | BULLISH | 01/16/26 | $8.45 | $7.8 | $8.45 | $120.00 | $84.4K | 230 | 139 |
ALB | PUT | TRADE | BULLISH | 01/16/26 | $26.95 | $26.8 | $26.8 | $90.00 | $80.4K | 786 | 36 |
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.
Having examined the options trading patterns of Albemarle, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
In the last month, 5 experts released ratings on this stock with an average target price of $104.6.
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.
Posted In: ALB