Investors with a lot of money to spend have taken a bullish stance on Albemarle ALB.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with ALB, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 13 options trades for Albemarle.
This isn't normal.
The overall sentiment of these big-money traders is split between 61% bullish and 23%, bearish.
Out of all of the options we uncovered, 12 are puts, for a total amount of $583,895, and there was 1 call, for a total amount of $27,000.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $95.0 to $140.0 for Albemarle during the past quarter.
Volume & Open Interest Trends
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 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 trades within a strike price range from $95.0 to $140.0 in the last 30 days.
Albemarle Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ALB | PUT | TRADE | BEARISH | 01/16/26 | $52.8 | $50.15 | $52.2 | $140.00 | $57.4K | 117 | 11 |
| ALB | PUT | TRADE | BULLISH | 01/16/26 | $19.55 | $19.1 | $19.1 | $95.00 | $57.3K | 1.0K | 77 |
| ALB | PUT | TRADE | BULLISH | 06/20/25 | $17.85 | $17.75 | $17.75 | $100.00 | $53.2K | 2.6K | 115 |
| ALB | PUT | TRADE | BULLISH | 01/16/26 | $19.4 | $19.0 | $19.0 | $95.00 | $51.3K | 1.0K | 146 |
| ALB | PUT | TRADE | NEUTRAL | 06/20/25 | $18.75 | $17.9 | $18.25 | $100.00 | $51.1K | 2.6K | 28 |
About Albemarle
Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.
After a thorough review of the options trading surrounding Albemarle, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Albemarle's Current Market Status
- Currently trading with a volume of 100,893, the ALB's price is up by 1.46%, now at $90.45.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 47 days.
Professional Analyst Ratings for Albemarle
In the last month, 1 experts released ratings on this stock with an average target price of $103.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Baird has decided to maintain their Neutral rating on Albemarle, which currently sits at a price target of $103.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Albemarle with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
