AA Unusual Option Activity
Alcoa Corporation (AA) option volume on Nov 4, 2026 was 1.7% of open interest, well below the 20-day average of 6.3%. Calls made up 68.4% of the volume. Relative to open interest, that was AA's least active day in 12 weeks.
AA Unusual Options FAQ
What makes option activity unusual?
Option activity is usually called unusual when a contract trades much more volume than its open interest, which can mean traders are opening new positions.
Is AA seeing unusual options activity?
On Nov 4, 2026, Alcoa options traded 4.84K contracts against 292.57K open, a volume to open interest ratio of 0.02, well below its 20-day average. The table above lists the contracts with the highest ratios.
Are AA traders trading more calls or puts?
Calls made up 68.4% of Alcoa option volume on Nov 4, 2026, a put/call ratio of 0.46, so calls outnumber puts. The AA option volume chart shows calls and puts by strike.
What is Alcoa Corporation?
Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and manufacturing primary aluminum.