Long

$AA Alcoa Corp - Oversold Finding Support

Alcoa Corp - Oversold finding support just above $11.50 this week. Expecting to see a near term bounce from this level.

Adding to the bullish sentiment - some unusual options activity Friday:
19k $14.00 strike (far OTM) Jan'21 calls traded vs open interest of 1,156 or 16 times OI for a total premium outlay of 1.5M

Near term price target = $13.00-$14.00 range by mid-October

Note: This is NOT investment advice.

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