Today's heavy options volume in rare-earth magnet company REalloys Inc. (ALOY) suggests that investors may be bullish on ALOY stock ahead of its earnings next week. Investors have been buying and selling out-of-the-money (OTM) puts at $10.00 today for expiry in 37 days (Sept. 18).
ALOY is at $12.85 today, up slightly, and well up from a recent trough price of $7.03 on July 24. However, it's still well below a recent peak of $19.70 on June 22.