Bullish option flow detected in Alcoa with 21,128 calls trading, 4x expected, and implied vol increasing over 5 points to 53.93%. 12/29 weekly 30 calls and Jan-24 30 calls are the most active options, with total volume in those strikes near 5,700 contracts. The Put/Call Ratio is 0.44. Earnings are expected on January 17th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AA:
- Alumina Shares Gain Nearly 9% on Winning WA Approval
- Alcoa price target lowered by $1 at B. Riley, here’s why
- Qualcomm downgraded, First Solar upgraded: Wall Street’s top analyst calls
- Alcoa initiated with a Hold at HSBC
- Alcoa call volume above normal and directionally bullish
Questions or Comments about the article? Write to editor@tipranks.com