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I noticed a lot of bullish pressure coming from the options market on $AA. Check out this order imbalance! 279 K option volume delta. What is option volume delta?
Unusual Option Volume

AA Alcoa Common61.42+4.88 (+8.6%)

Alcoa Common trades 52,722 contracts. AA will report earnings on Jan 22, 2026.
Sentiment Alert: AA Increasing bullish pressure with an imbalance in net option delta of 220 K.
Large Decrease in Open Interest

AA Alcoa Common55.66+2.52 (+4.7%)

The open interest (OI) on the 02-Jan-26 48.50 strike had no change for calls and decreased by 16,492 put contracts. The total OI for the expiration was decreased by -27,312. View Open Interest
Unusual Option Volume

AA Alcoa Common53.01-1.37 (-2.5%)

Alcoa Common trades 45,284 contracts. AA will report earnings on Jan 22, 2026.
Unusual Option Volume

AA Alcoa Common54.18+0.55 (+1.0%)

Alcoa Common trades 21,803 contracts. AA will report earnings on Jan 22, 2026.
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