A whale with a lot of money to spend has taken a noticeably bullish stance on Albemarle.
Looking at options history for Albemarle (NYSE:ALB) we detected 28 strange trades.
If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 42% with bearish.
From the overall spotted trades, 20 are puts, for a total amount of $1,606,446 and 8, calls, for a total amount of $645,930.
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 $80.0 to $230.0 for Albemarle over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Albemarle'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 Albemarle's whale activity within a strike price range from $80.0 to $230.0 in the last 30 days.
Albemarle 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 |
|---|---|---|---|---|---|---|---|---|
| ALB | PUT | SWEEP | BEARISH | 05/20/22 | $185.00 | $292.9K | 484 | 222 |
| ALB | PUT | SWEEP | BULLISH | 05/20/22 | $185.00 | $227.6K | 484 | 222 |
| ALB | PUT | SWEEP | BULLISH | 05/20/22 | $185.00 | $151.2K | 484 | 1.4K |
| ALB | PUT | SWEEP | BULLISH | 05/20/22 | $185.00 | $142.7K | 484 | 1.1K |
| ALB | PUT | SWEEP | BEARISH | 05/20/22 | $185.00 | $108.3K | 484 | 993 |
Where Is Albemarle Standing Right Now?
- With a volume of 554,177, the price of ALB is down -3.72% at $185.65.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 2 days.
What The Experts Say On Albemarle:
- Keybanc has decided to maintain their Underweight rating on Albemarle, which currently sits at a price target of $198.
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.
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