Lithium Americas Unusual Options Activity For January 23
Benzinga Insights 9 months ago
OptionsMarkets
Investors with a lot of money to spend have taken a bearish stance on Lithium Americas (NYSE:LAC).
And retail traders should know.
We noticed this today when the positions 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 LAC, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 12 options trades for Lithium Americas.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $40,000, and 11, calls, for a total amount of $481,821.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $5.0 to $10.0 for Lithium Americas during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Lithium Americas's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lithium Americas's whale trades within a strike price range from $5.0 to $10.0 in the last 30 days.
Lithium Americas Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LAC | CALL | TRADE | BEARISH | 01/15/27 | $2.15 | $2.14 | $2.14 | $7.50 | $96.3K | 11.7K | 1.7K |
| LAC | CALL | TRADE | BEARISH | 01/21/28 | $3.85 | $3.75 | $3.75 | $5.00 | $55.8K | 2.5K | 151 |
| LAC | CALL | TRADE | BEARISH | 01/21/28 | $2.83 | $2.5 | $2.62 | $10.00 | $52.4K | 5.5K | 45 |
| LAC | CALL | SWEEP | BEARISH | 05/15/26 | $1.89 | $1.71 | $1.71 | $5.50 | $47.9K | 10.7K | 622 |
| LAC | CALL | SWEEP | BULLISH | 01/15/27 | $1.49 | $1.45 | $1.49 | $10.00 | $44.7K | 10.4K | 723 |
About Lithium Americas
Lithium Americas is a pure-play lithium producer. Following a deal with the US government, the firm will own 59% of one resource, Thacker Pass, which is located in northwest Nevada, with automaker General Motors owning 36% and the US government owning 5%. Thacker Pass is under construction and expected to begin production in 2028. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.
Present Market Standing of Lithium Americas
- Trading volume stands at 27,147,843, with LAC's price up by 4.32%, positioned at $6.5.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 63 days.
What Analysts Are Saying About Lithium Americas
In the last month, 1 experts released ratings on this stock with an average target price of $7.0.
- Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Perform rating on Lithium Americas with a target price of $7.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.