Bearish flow noted in Albemarle with 6,710 puts trading, or 1.5x expected. Most active are Jan-25 90 puts and Oct-24 70 puts, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 4.11, while ATM IV is up over 2 points on the day. Earnings are expected on October 30th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALB:
- Albemarle put volume heavy and directionally bearish
- Citi, Goldman among stocks that look like buys for soft landing, Barron’s says
- Albemarle price target lowered to $170 from $190 at Evercore ISI
- Early notable gainers among liquid option names on August 21st
- Albemarle price target lowered to $78 from $115 at JPMorgan