Financial giants have made a conspicuous bullish move on Albemarle. Our analysis of options history for Albemarle (NYSE:ALB) revealed 11 unusual trades.
Delving into the details, we found 45% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $446,511, and 3 were calls, valued at $241,825.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $75.0 and $160.0 for Albemarle, spanning the last three 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 $75.0 to $160.0 in the last 30 days.
Albemarle Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ALB | CALL | SWEEP | BULLISH | 09/20/24 | $23.9 | $23.9 | $23.9 | $85.00 | $119.5K | 27 | 2 |
| ALB | PUT | SWEEP | NEUTRAL | 09/20/24 | $6.95 | $6.8 | $6.86 | $100.00 | $103.3K | 1.8K | 1 |
| ALB | PUT | TRADE | BEARISH | 03/21/25 | $24.65 | $24.45 | $24.65 | $120.00 | $98.6K | 123 | 14 |
| ALB | PUT | TRADE | BEARISH | 01/16/26 | $8.3 | $8.15 | $8.3 | $75.00 | $83.0K | 96 | 4 |
| ALB | CALL | SWEEP | BULLISH | 07/19/24 | $5.55 | $5.35 | $5.55 | $105.00 | $72.1K | 49 | 2 |
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
- With a trading volume of 1,676,007, the price of ALB is down by -3.31%, reaching $104.26.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 47 days from now.
What The Experts Say On Albemarle
3 market experts have recently issued ratings for this stock, with a consensus target price of $138.66666666666666.
- An analyst from RBC Capital downgraded its action to Outperform with a price target of $157.
- An analyst from UBS persists with their Neutral rating on Albemarle, maintaining a target price of $124.
- An analyst from Scotiabank downgraded its action to Sector Perform with a price target of $135.
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.