Significant Options Trading on Thursday: SNOW, CTLP, AMR
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2025
0mins
Should l Buy AMR?
Source: NASDAQ.COM
Cantaloupe Inc Options Activity: Cantaloupe Inc (CTLP) has seen a trading volume of 4,353 options contracts today, equating to about 62.6% of its average daily trading volume, with significant activity in the $7.50 strike put option expiring January 15, 2027.
Alpha Metallurgical Resources Options Activity: Alpha Metallurgical Resources Inc (AMR) recorded a trading volume of 1,695 options contracts, representing approximately 60.6% of its average daily trading volume, with notable trading in the $220 strike call option expiring January 16, 2026.
Options Trading Insights: The article provides insights into the options trading activities of CTLP and AMR, highlighting specific strike prices and expiration dates that have garnered high volumes.
Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
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Analyst Views on AMR
Wall Street analysts forecast AMR stock price to fall
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 215.920
Low
203.00
Averages
204.00
High
205.00
Current: 215.920
Low
203.00
Averages
204.00
High
205.00
About AMR
Alpha Metallurgical Resources, Inc. is a mining company with operations across Virginia and West Virginia. The Company supplies metallurgical products to the steel industry. Its portfolio of mining operations consists of over 14 underground mines, six surface mines and eight coal preparation plants. It extracts, processes and markets metallurgical coal from deep and surface mines for sale to steel and coke producers, industrial customers, and electric utilities. It conducts mining operations only in the United States with mines in Central Appalachia. The Company operates in one segment: Met, which consists of six active mining complexes whose primary product is metallurgical coal that is extracted, processed, and marketed to domestic and international steel and coke producers. The Met segment operations consist of metallurgical coal mines, including Deep Mine 41, Road Fork 52, Black Eagle, and Lynn Branch.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Alpha Metallurgical Resources Director Increases Shareholding
- Share Purchase Transaction: Kenneth S. Courtis, a director of Alpha Metallurgical Resources, purchased 10,000 shares on March 11, 2026, in multiple open-market transactions totaling approximately $1.87 million, indicating his confidence in the company's future prospects.
- Ownership Analysis: Following this transaction, Courtis directly holds 866,537 shares valued at about $162.52 million based on the March 11, 2026 closing price, underscoring his significant stake and expectations for further stock appreciation.
- Market Performance Review: On the transaction day, Alpha Metallurgical Resources' stock price rose from $179.75 to $187.55, achieving a 48% total return over the year, reflecting strong performance in the coal market and positive investor sentiment.
- Financial Overview: Despite reporting a net loss of $17.3 million in Q4 2025, the company achieved an adjusted EBITDA of $28.5 million and maintains approximately $524 million in liquidity with minimal long-term debt, highlighting its financial stability and growth potential moving forward.
See More
Director of Alpha Metallurgical Resources Buys Shares
- Share Purchase Transaction: Kenneth S. Courtis, a director at Alpha Metallurgical Resources, purchased 10,000 shares for $1.87 million on March 11, 2026, representing 1.17% of his direct common stock holdings, indicating confidence in the company's future prospects.
- Positive Market Reaction: This purchase occurred against a backdrop of a roughly 20% stock surge since the buying, suggesting market approval of the transaction and reflecting management's optimistic outlook on future performance.
- Financial Condition Analysis: Despite reporting a net loss of $17.3 million in Q4 2025, the company achieved an Adjusted EBITDA of $28.5 million, demonstrating some profitability amid a challenging metallurgical coal pricing environment.
- Capital Buyback Program: Alpha Metallurgical Resources boasts approximately $524 million in liquidity and minimal long-term debt, actively returning capital through a $1.5 billion buyback program, which enhances market confidence in its financial health.
See More
Insider Purchase Signals Confidence at Alpha Metallurgical Resources
- Insider Purchase Details: Kenneth S. Courtis, a director at Alpha Metallurgical Resources, purchased 8,000 shares on March 12, 2026, for approximately $1.53 million, indicating confidence in the company's future prospects.
- Ownership Change Analysis: Following this transaction, Courtis's direct holdings increased to 874,537 shares, representing 0.92% of his direct holdings, which is below the historical median transaction size, suggesting a cautious accumulation strategy.
- Transaction Price Assessment: The weighted average purchase price of $191.07 was about 1.0% above the market close of $189.48 on March 12, but approximately 12.4% below the current price of $217.97, reflecting market volatility.
- Company Financial Overview: Despite generating over $2.1 billion in revenue in 2025, Alpha Metallurgical Resources reported a net loss of $61.69 million, primarily due to declining coal prices, indicating that future investment returns will depend on coal prices and global steel demand recovery.
See More
Dividend Analysis for Alpha Metallurgical Resources Inc
- Dividend History Analysis: The dividend history chart for Alpha Metallurgical Resources Inc indicates that the most recent dividend is likely to continue, with an expected annualized dividend yield of 1.1%, providing a reference point for investors.
- Trading History Review: AMR's trailing twelve-month trading history shows a current stock price of $185.86, allowing investors to better assess future earnings potential in conjunction with the dividend yield.
- Volatility Calculation: With a trailing twelve-month volatility of 59% calculated from the last 250 trading days' closing values, this indicates significant price fluctuations, prompting investors to carefully evaluate risks.
- Options Strategy Suggestion: Selling the August covered call at the $210 strike may offer good risk-reward potential, although investors must consider the potential loss of upside beyond $210.
See More
Insider Buying Analysis: Alpha Metallurgical and Covista
- Insider Trading Activity: Director Kenneth S. Courtis of Alpha Metallurgical Resources purchased 25,000 shares of AMR on Monday at $176.23 each, totaling an investment of $4.41 million, indicating confidence in the company's future performance.
- Return on Investment: At today's trading high, Courtis's investment saw an 11.9% return, with AMR reaching a peak price of $197.21, reflecting a positive market response to the stock.
- Historical Purchase Record: Over the past 12 months, Courtis has made four additional purchases of AMR shares, totaling $30.74 million at an average cost of $161.79 per share, demonstrating his sustained optimism about the company's long-term prospects.
- Covista Trading Activity: Director Michael W. Malafronte of Covista bought 36,036 shares on Wednesday at $100.88 each, amounting to a total investment of $3.64 million, with the stock currently up 0.8%, indicating market approval of his investment.
See More
Zacks Adds Three Stocks to Strong Sell List
- Alpha Metallurgical Resources: The mining company has seen its current year earnings estimate revised down by nearly 18.8% over the past 60 days, indicating significant pressure on profitability that may affect investor confidence.
- Amerant Bancorp: This bank holding company has had its current year earnings estimate cut by 10.9% in the last 60 days, suggesting a potential slowdown in business growth, prompting investors to reassess risks.
- Avantor: The global provider's current year earnings estimate has been revised down by almost 9% over the past 60 days, reflecting a possible weakening demand in the biopharma and healthcare sectors, which could impact future performance.
- Investment Opportunities: While these stocks are categorized as strong sells, other stocks recommended by Zacks experts have previously soared by up to 232%, presenting potential rebound opportunities for investors.
See More
Alpha Metallurgical Resources Director Increases Shareholding
- Share Purchase Transaction: Kenneth S. Courtis, a director of Alpha Metallurgical Resources, purchased 10,000 shares on March 11, 2026, in multiple open-market transactions totaling approximately $1.87 million, indicating his confidence in the company's future prospects.
- Ownership Analysis: Following this transaction, Courtis directly holds 866,537 shares valued at about $162.52 million based on the March 11, 2026 closing price, underscoring his significant stake and expectations for further stock appreciation.
- Market Performance Review: On the transaction day, Alpha Metallurgical Resources' stock price rose from $179.75 to $187.55, achieving a 48% total return over the year, reflecting strong performance in the coal market and positive investor sentiment.
- Financial Overview: Despite reporting a net loss of $17.3 million in Q4 2025, the company achieved an adjusted EBITDA of $28.5 million and maintains approximately $524 million in liquidity with minimal long-term debt, highlighting its financial stability and growth potential moving forward.
See More
Director of Alpha Metallurgical Resources Buys Shares
- Share Purchase Transaction: Kenneth S. Courtis, a director at Alpha Metallurgical Resources, purchased 10,000 shares for $1.87 million on March 11, 2026, representing 1.17% of his direct common stock holdings, indicating confidence in the company's future prospects.
- Positive Market Reaction: This purchase occurred against a backdrop of a roughly 20% stock surge since the buying, suggesting market approval of the transaction and reflecting management's optimistic outlook on future performance.
- Financial Condition Analysis: Despite reporting a net loss of $17.3 million in Q4 2025, the company achieved an Adjusted EBITDA of $28.5 million, demonstrating some profitability amid a challenging metallurgical coal pricing environment.
- Capital Buyback Program: Alpha Metallurgical Resources boasts approximately $524 million in liquidity and minimal long-term debt, actively returning capital through a $1.5 billion buyback program, which enhances market confidence in its financial health.
See More
Insider Purchase Signals Confidence at Alpha Metallurgical Resources
- Insider Purchase Details: Kenneth S. Courtis, a director at Alpha Metallurgical Resources, purchased 8,000 shares on March 12, 2026, for approximately $1.53 million, indicating confidence in the company's future prospects.
- Ownership Change Analysis: Following this transaction, Courtis's direct holdings increased to 874,537 shares, representing 0.92% of his direct holdings, which is below the historical median transaction size, suggesting a cautious accumulation strategy.
- Transaction Price Assessment: The weighted average purchase price of $191.07 was about 1.0% above the market close of $189.48 on March 12, but approximately 12.4% below the current price of $217.97, reflecting market volatility.
- Company Financial Overview: Despite generating over $2.1 billion in revenue in 2025, Alpha Metallurgical Resources reported a net loss of $61.69 million, primarily due to declining coal prices, indicating that future investment returns will depend on coal prices and global steel demand recovery.
See More
Dividend Analysis for Alpha Metallurgical Resources Inc
- Dividend History Analysis: The dividend history chart for Alpha Metallurgical Resources Inc indicates that the most recent dividend is likely to continue, with an expected annualized dividend yield of 1.1%, providing a reference point for investors.
- Trading History Review: AMR's trailing twelve-month trading history shows a current stock price of $185.86, allowing investors to better assess future earnings potential in conjunction with the dividend yield.
- Volatility Calculation: With a trailing twelve-month volatility of 59% calculated from the last 250 trading days' closing values, this indicates significant price fluctuations, prompting investors to carefully evaluate risks.
- Options Strategy Suggestion: Selling the August covered call at the $210 strike may offer good risk-reward potential, although investors must consider the potential loss of upside beyond $210.
See More
Insider Buying Analysis: Alpha Metallurgical and Covista
- Insider Trading Activity: Director Kenneth S. Courtis of Alpha Metallurgical Resources purchased 25,000 shares of AMR on Monday at $176.23 each, totaling an investment of $4.41 million, indicating confidence in the company's future performance.
- Return on Investment: At today's trading high, Courtis's investment saw an 11.9% return, with AMR reaching a peak price of $197.21, reflecting a positive market response to the stock.
- Historical Purchase Record: Over the past 12 months, Courtis has made four additional purchases of AMR shares, totaling $30.74 million at an average cost of $161.79 per share, demonstrating his sustained optimism about the company's long-term prospects.
- Covista Trading Activity: Director Michael W. Malafronte of Covista bought 36,036 shares on Wednesday at $100.88 each, amounting to a total investment of $3.64 million, with the stock currently up 0.8%, indicating market approval of his investment.
See More
Zacks Adds Three Stocks to Strong Sell List
- Alpha Metallurgical Resources: The mining company has seen its current year earnings estimate revised down by nearly 18.8% over the past 60 days, indicating significant pressure on profitability that may affect investor confidence.
- Amerant Bancorp: This bank holding company has had its current year earnings estimate cut by 10.9% in the last 60 days, suggesting a potential slowdown in business growth, prompting investors to reassess risks.
- Avantor: The global provider's current year earnings estimate has been revised down by almost 9% over the past 60 days, reflecting a possible weakening demand in the biopharma and healthcare sectors, which could impact future performance.
- Investment Opportunities: While these stocks are categorized as strong sells, other stocks recommended by Zacks experts have previously soared by up to 232%, presenting potential rebound opportunities for investors.
See More
