Decoding Albemarle's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bullish move on Albemarle. Our analysis of options history for Albemarle ALB revealed 23 unusual trades.

Delving into the details, we found 60% of traders were bullish, while 39% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $921,542, and 15 were calls, valued at $1,008,707.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $155.0 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 $90.0 to $155.0 in the last 30 days.

Albemarle 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About Albemarle

Albemarle is the world's largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries. Albemarle produces lithium from its salt brine deposits in Chile and the U.S. and its hard rock joint venture mines in Australia. Albemarle is a global leader in the production of bromine, used in flame retardants. The company is also a major producer of oil refining catalysts.

Following our analysis of the options activities associated with Albemarle, we pivot to a closer look at the company's own performance.

Albemarle's Current Market Status

• Currently trading with a volume of 3,335,319, the ALB's price is up by 5.74%, now at $119.76.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 70 days.

Expert Opinions on Albemarle

In the last month, 2 experts released ratings on this stock with an average target price of $154.0.

• An analyst from BMO Capital has decided to maintain their Outperform rating on Albemarle, which currently sits at a price target of $180.
• Reflecting concerns, an analyst from Piper Sandler lowers its rating to Underweight with a new price target of $128.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Albemarle options trades with real-time alerts from Benzinga Pro.