NewZ NewZ with a Zeal
Investors with a lot of money to spend have taken a bullish stance on Albemarle (NYSE: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 these are institutions or just wealthy individuals, we don’t know. But when something this big happens with ALB, it often means somebody knows something is about to happen.So how do we know what these investors just did? Today, Benzinga’s options scanner spotted 9 uncommon options trades for Albemarle.This isn’t normal.The overall sentiment of these big-money traders is split between 55% bullish and 33%, bearish.Out of all of the special options we uncovered, 5 are puts, for a total amount of $410,943, and 4 are calls, for a total amount of $481,564.Predicted Price RangeAfter evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $60.0 and $125.0 for Albemarle, spanning the last three months.Volume & Open Interest DevelopmentAssessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor …Full story available on Benzinga.com
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