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Feb 11, 2024 12:00 PM

ALB Albemarle Corporation Options Ahead of Earnings Short

Albemarle CorporationNYSE

Description

Analyzing the options chain and the chart patterns of ALB Albemarle Corporation prior to the earnings report this week,
I would consider purchasing the 110usd strike price Puts with
an expiration date of 2024-2-16,
for a premium of approximately $3.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Probably it`s the last dip before the reversal.
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