Financial giants have made a conspicuous bullish move on Arch Resources. Our analysis of options history for Arch Resources ARCH revealed 11 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $284,700, and 2 were calls, valued at $113,700.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $200.0 for Arch Resources during the past quarter.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Arch Resources's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Arch Resources's substantial trades, within a strike price spectrum from $100.0 to $200.0 over the preceding 30 days.
Arch Resources Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ARCH | CALL | TRADE | BULLISH | 05/17/24 | $100.00 | $66.0K | 17 | 10 |
| ARCH | CALL | TRADE | BULLISH | 02/16/24 | $120.00 | $47.7K | 15 | 0 |
| ARCH | PUT | TRADE | BULLISH | 05/17/24 | $200.00 | $36.4K | 14 | 10 |
| ARCH | PUT | TRADE | BULLISH | 03/15/24 | $180.00 | $35.2K | 25 | 22 |
| ARCH | PUT | TRADE | BEARISH | 02/16/24 | $165.00 | $32.2K | 653 | 304 |
About Arch Resources
Arch Resources Inc is a producer of metallurgical and coking coal. The company sells its coal to power plants, steel mills, and industrial facilities. Its operating segment includes Metallurgical (MET) and Thermal. It generates maximum revenue from the Metallurgical (MET) segment. Geographically, it derives a majority of its revenue from Asia.
Following our analysis of the options activities associated with Arch Resources, we pivot to a closer look at the company's own performance.
Present Market Standing of Arch Resources
- Currently trading with a volume of 67,030, the ARCH's price is down by 0.0%, now at $170.85.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 9 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Arch Resources with Benzinga Pro for real-time alerts.
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