Century Aluminum(US:CENX) Benzinga·2026-01-06 17:01Core Insights - Deep-pocketed investors have adopted a bearish approach towards Century Aluminum, indicating potential significant market movements ahead [1] - The options activity for Century Aluminum has shown unusual levels, with 25% of investors leaning bullish and 37% bearish [2] Options Activity Summary - Recent options trading revealed 8 extraordinary activities, with 2 puts totaling $141,150 and 6 calls amounting to $280,715 [2] - Significant investors are targeting a price range of $32.0 to $48.0 for Century Aluminum over the past three months [3] Volume & Open Interest Trends - Analyzing volume and open interest is crucial for understanding liquidity and investor interest in Century Aluminum's options, particularly within the $32.0 to $48.0 strike price range over the last 30 days [4] Noteworthy Options Activity - Recent trades include bearish puts and neutral calls, with notable transactions such as: - A bearish put trade on June 18, 2026, at a strike price of $35.00 totaling $79.2K [7] - A bullish call trade on January 16, 2026, at a strike price of $41.00 totaling $74.1K [7] Company Overview - Century Aluminum Co produces primary aluminum and value-added products, operating smelter facilities in the U.S. and Iceland, with most revenue generated from Glencore [8] - The company specializes in high purity aluminum and various aluminum products, including standard-grade sow and tee bars [8] Market Standing - Analysts have issued a consensus target price of $46.0 for Century Aluminum, with Wells Fargo maintaining an Overweight rating [10][11] - The current trading volume for CENX is 1,378,163, with the stock price at $43.83, indicating a potential overbought condition [12]