On December 19, Eastern Time, Alcoa options saw a total of 114614 contracts traded, with calls accounting for 45% and puts making up 54%.
Alcoa has 358511 contracts outstanding, with calls accounting for 50% and puts making up 49%.
The top volume gainer was the 45 dollars Put option expiring on December 26, 2025, with 18590 contracts traded.
On the news front, Based on recent key news:

1. Dec 19, Citigroup maintained a 'Buy' rating for Alcoa and raised its price target to $54 from $42, boosting investor confidence and contributing to the stock's rise. Source: Citigroup

2. Dec 12, UBS analyst Daniel Major maintained a Neutral rating for Alcoa but raised the price target from $42 to $48, reflecting positive sentiment and aiding the stock's upward momentum. Source: UBS

3. Dec 18, Alcoa's announcement of its commitment to operational excellence and sustainability initiatives likely supported investor sentiment, contributing to the stock's performance. Source: Alcoa CorporationMaterials sector shows strong momentum.
Please note: The chart below does not include options expiring within five days.
<img src="https://assets.lbctrl.com/h5hub/optrank/images/2025-12-22/ST_US_AA_en.png" alt="image" original-src="https://assets.lbctrl.com/h5hub/optrank/images/2025-12-22/ST_US_AA_en.png"/>

On December 19, Eastern Time, Alcoa options saw a total of 114614 contracts traded, with calls accounting for 45% and puts making up 54%.

Trending | AA Surges 6% last Friday, Some Call options Soar 358%