A Closer Look at Alpha Metallurgical's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Alpha Metallurgical (NYSE:AMR) has seen significant options market activity, with a bearish sentiment prevailing among large investors. Benzinga's options scanner revealed 19 unusual trades, with a split sentiment of 26% bullish and 73% bearish. The focus is on a price band between $80 and $660. Notably, there were 10 puts and 9 calls, indicating a bearish outlook. AMR's stock is currently down by -13.34%, trading at $380.12, with an RSI indicating a neutral position. An earnings announcement is expected in 68 days.
February 28, 2024 | 5:46 pm
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Alpha Metallurgical has seen a bearish sentiment in its options market, with a notable decline in stock price by -13.34%, currently at $380.12. An earnings announcement is expected in 68 days, which could influence stock movement.
The bearish sentiment in the options market, combined with the current stock price decline, suggests a negative short-term outlook for AMR. The upcoming earnings announcement adds uncertainty, potentially influencing future stock movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100