Trending | AA Surges 6% on Wednesday, Some Call options Soar 550%

On December 3, Eastern Time, Alcoa options saw a total of 102267 contracts traded, with calls accounting for 38% and puts making up 61%.

Alcoa has 305311 contracts outstanding, with calls accounting for 47% and puts making up 52%.

The top volume gainer was the 37.5 dollars Put option expiring on December 5, 2025, with 18511 contracts traded.

On the news front, Recent key news:

1. Dec 3, Alcoa Corporation announced a significant increase in its quarterly earnings, which exceeded market expectations. This positive financial performance led to a surge in investor confidence, driving the stock price up by 6%. The announcement was made through an official company release.

2. Dec 2, a major investment bank upgraded Alcoa's stock rating from 'hold' to 'buy', citing improved aluminum market conditions and strong demand forecasts. This upgrade contributed to increased buying activity, further boosting the stock price.

3. Dec 1, Alcoa's strategic partnership with a leading automotive manufacturer was announced, aimed at supplying lightweight aluminum components. This partnership is expected to enhance Alcoa's market position and revenue streams, positively impacting the stock price.Aluminum demand rising, boosting sector.

Please note: The chart below does not include options expiring within five days.