Albemarle (NYSE: ALB) has captured the attention of deep-pocketed investors, with a notable surge in bullish options activity. The market’s watchful eye has been drawn to 9 extraordinary options activities for Albemarle, indicating a significant shift in sentiment that cannot be overlooked.
The prevailing mood among these heavyweight investors shows a division, with 66% leaning towards a bullish perspective and 33% adopting a bearish stance. Notably, there are 3 puts totaling $112,457 and 6 calls amounting to $619,234 among the prominent options contracts.
Price Range Projections
After a thorough evaluation of trading volumes and Open Interest, it becomes clear that major market movers have their sights set on a price band between $110.0 and $200.0 for Albemarle over the last three months.
Volume & Open Interest Trends
The average open interest for Albemarle options stands at 1252.57, accompanied by a total volume of 2,129.00. The chart illustrates the evolution of both call and put option volume and open interest for high-value trades within the strike price corridor of $110.0 to $200.0 over the last 30 days.
Recent Options Highlights
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ALB | CALL | SWEEP | BULLISH | 01/17/25 | $200.00 | $313.7K | 2.4K | 509 |
| ALB | CALL | SWEEP | BEARISH | 02/16/24 | $120.00 | $135.6K | 3.1K | 1.0K |
| ALB | PUT | SWEEP | BULLISH | 03/15/24 | $110.00 | $57.3K | 2.1K | 153 |
| ALB | CALL | TRADE | BULLISH | 01/16/26 | $120.00 | $50.8K | 188 | 0 |
| ALB | CALL | SWEEP | BULLISH | 03/01/24 | $121.00 | $40.7K | 62 | 74 |
About Albemarle
Albemarle is a key player in the global lithium and bromine industry, providing essential materials for electric vehicles and flame retardants. Its extensive operations span lithium production from salt brine deposits and hard rock mines, refining plants in various countries, and significant contributions to oil refining catalysts.
Albemarle’s Market Status
- With a trading volume of 1,771,317, Albemarle’s price is down by -0.24%, reaching $115.5.
- Current RSI values indicate neutrality, hovering between overbought and oversold levels.
- The upcoming earnings report is scheduled in 2 days.
Expert Views on Albemarle
In the past month, professional analysts have expressed varying opinions on Albemarle, with an average price target of $141.6. The diverse assessments from analysts include ratings ranging from a Market Perform to an Outperform, with revised price targets reflecting ongoing market dynamics.
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