Bearish flow noted in Albemarle with 6,760 puts trading, or 1.1x expected. Most active are May-24 95 puts and May-24 140 calls, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 1.78, while ATM IV is up over 2 points on the day. Earnings are expected on July 31st.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALB:
- This Week in Lithium: China Limits Battery Capacity; Global Production Push Continues
- Albemarle, Martin Marietta enter pact for beneficial use of extracted limestone
- Albemarle Announces Quarterly Dividend
- Albemarle price target raised to $140 from $125 at Deutsche Bank
- Arcadium Lithium Stock (NYSE:ALTM): Overlooked, Undervalued Mid-Cap EV Play