A whale with a lot of money to spend has taken a noticeably bearish stance on Alcoa.
Looking at options history for Alcoa (NYSE:AA) we detected 17 strange trades.
If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $62,820 and 15, calls, for a total amount of $609,787.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $100.0 for Alcoa over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Alcoa'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 Alcoa's whale trades within a strike price range from $25.0 to $100.0 in the last 30 days.
Alcoa Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AA | CALL | SWEEP | BEARISH | 06/17/22 | $90.00 | $112.6K | 663 | 208 |
| AA | CALL | SWEEP | BULLISH | 03/25/22 | $95.00 | $54.7K | 521 | 565 |
| AA | CALL | SWEEP | BULLISH | 04/14/22 | $85.00 | $45.0K | 11.9K | 577 |
| AA | CALL | SWEEP | NEUTRAL | 03/25/22 | $89.00 | $44.5K | 335 | 164 |
| AA | CALL | TRADE | NEUTRAL | 04/01/22 | $81.00 | $43.0K | 61 | 44 |
Where Is Alcoa Standing Right Now?
- With a volume of 2,982,800, the price of AA is up 9.5% at $90.28.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 24 days.
What The Experts Say On Alcoa:
- Deutsche Bank has decided to maintain their Hold rating on Alcoa, which currently sits at a price target of $90.
- Argus Research has decided to maintain their Buy rating on Alcoa, which currently sits at a price target of $95.
- JP Morgan has decided to maintain their Overweight rating on Alcoa, which currently sits at a price target of $90.
- Citigroup has decided to maintain their Buy rating on Alcoa, which currently sits at a price target of $84.
- Jefferies has decided to maintain their Buy rating on Alcoa, which currently sits at a price target of $98.
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.
