Is the Options Market Predicting a Spike in Century Aluminum Stock?

Group 1 - The stock of Century Aluminum Company (CENX) is experiencing significant attention due to high implied volatility in the options market, particularly the Oct 17, 2025 $16.00 Put option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in the stock's price, potentially due to an upcoming event [2] - Century Aluminum holds a Zacks Rank 2 (Buy) in the Metal Products - Procurement and Fabrication industry, which is in the top 9% of the Zacks Industry Rank, indicating a positive outlook [3] Group 2 - Over the past 60 days, one analyst has raised earnings estimates for Century Aluminum for the current quarter, increasing the Zacks Consensus Estimate from 81 cents to 88 cents per share [3] - The high implied volatility may signal a developing trading opportunity, as options traders often seek to sell premium on options with elevated implied volatility, aiming to benefit from time decay [4]