Aug. 12 at 12:37 AM
Alcoa Corporation
$AA (8h)
Bullish Flow: Option sweepers and block buyers are heavily stacking August and September
$50 Calls (
$75.5K split and multiple
$38K blocks, -2.5% to ITM) and September
$45 Calls (
$109.5K block, -12.3% to ITM) against local put hedges. Smart money is loading as record Q2 revenue (
$3.97B) and
$901M Adjusted EBITDA back the
$4.1B acquisition of South32’s AliGroup assets and Wagerup gallium plant expansion. 🐂 💧
Bull Key Level:
$54.20 (Bull confirmation to claim local volume shelf resistance, clear overhead wicks, and launch trend expansion) 🐂 🔥
Bear Key Level:
$44.15 (Key structural support floor and multi-touch double-bottom baseline to defend) 🐻 ⚠️
Targets:
$62.61 /
$81.31 💰 🍺
Why: With San Ciprián smelter restarts boosting aluminum output by 5% and 8-hour RSI accelerating out of oversold territory, reclaiming
$54.20 unlocks a wide air pocket toward
$62.61+ targets.
#aa #optionsflow | #technicalanalysis | #hovdid
