Looking At Albemarle's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Albemarle (NYSE:ALB), with a bearish stance being taken by a majority of investors. Of the 10 strange trades detected, 70% were bearish and 30% bullish. The total amount for the 2 puts was $225,970 and for the 8 calls was $689,002. Whales have been targeting a price range from $135.0 to $390.0 for Albemarle over the last 3 months. Morgan Stanley has downgraded its action to Underweight with a price target of $155, while Keybanc maintains their Overweight rating with a price target of $291.
July 17, 2023 | 7:17 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Albemarle has seen unusual options activity with a majority of investors taking a bearish stance. The company has been targeted by whales for a price range of $135-$390 over the last 3 months. Analysts have mixed views with Morgan Stanley downgrading to Underweight and Keybanc maintaining an Overweight rating.
The unusual options activity, with a majority being bearish, indicates that investors are expecting the stock price to decrease. This is further supported by the downgrade from Morgan Stanley. However, Keybanc's maintained Overweight rating suggests some positive outlook, adding complexity to the situation. The targeted price range by whales also indicates significant volatility expected in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100