Major Investors Take a Bearish Stance
Pensive investors in the options market have markedly shown pessimism towards Albemarle.
Options Trading Overview
Delving into the options trading history of Albemarle (NYSE: ALB), a total of 19 trades have been detected.
Analyses reveal that 36% of the trades exhibited bullish sentiments, while 47% leaned towards bearish expectations.
Out of the 19 trades, 15 were put options amounting to $1,135,315, and 4 were call options totaling $212,662.
Price Targets Projections
Based on the Volume and Open Interest data, investors have been eyeing a price range of $90.0 to $200.0 for Albemarle over the past 3 months.
Volume & Open Interest Analysis
The average open interest for Albemarle’s options is 786.17, with a total volume of 4,398.00. A detailed chart illustrates the progression of call and put option volumes and open interest for substantial trades in Albemarle, situated within the $90.0 to $200.0 strike price range, over the last 30 days.
Options Performance Over the Past Month
Noteworthy Options Transactions:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ALB | PUT | SWEEP | BEARISH | 12/20/24 | $7.8 | $7.75 | $7.8 | $95.00 | $344.7K | 1.0K | 497 |
| ALB | PUT | TRADE | BEARISH | 11/15/24 | $5.6 | $5.4 | $5.55 | $95.00 | $144.3K | 434 | 602 |
| ALB | PUT | SWEEP | BULLISH | 03/21/25 | $9.45 | $9.3 | $9.35 | $90.00 | $137.1K | 1.1K | 477 |
| ALB | CALL | SWEEP | BEARISH | 12/20/24 | $4.1 | $4.0 | $4.0 | $115.00 | $77.2K | 928 | 193 |
| ALB | PUT | SWEEP | BEARISH | 03/21/25 | $9.4 | $9.3 | $9.35 | $90.00 | $66.4K | 1.1K | 632 |
About Albemarle
Albemarle is a major player in the lithium industry, being one of the world’s largest lithium producers. The company is involved in multiple sectors, including lithium production for batteries, oil refining catalysts, and bromine used in flame retardants. Its diversified operations span various countries, showcasing a global presence.
Albemarle’s Current Market Position
- Current trading volume sits at 1,244,908, with a 2.7% decline in Albemarle’s stock price, settling at $96.91.
- RSI indicators suggest a potential overbought scenario.
- Earnings announcement anticipated in 22 days.
Analysts’ Views on Albemarle
Recent ratings from market experts indicate a consensus target price of $110.0 for Albemarle.
A well-known analyst from Wells Fargo continues to uphold an Equal-Weight rating for Albemarle, maintaining a price target of $110.
Options trading, with its inherent risks and rewards, demands vigilance and acumen from traders to navigate the market effectively.
© Market News and Data provided by Benzinga APIs