Whales with a lot of money to spend have taken a noticeably bearish stance on Arch Resources.
Looking at options history for Arch Resources ARCH we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 12% of the investors opened trades with bullish expectations and 87% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $241,000 and 4, calls, for a total amount of $406,306.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $120.0 to $210.0 for Arch Resources over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Arch Resources stands at 131.67, with a total volume reaching 281.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Arch Resources, situated within the strike price corridor from $120.0 to $210.0, throughout the last 30 days.
Arch Resources Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ARCH | CALL | SWEEP | NEUTRAL | 01/17/25 | $210.00 | $170.4K | 511 | 3 |
| ARCH | CALL | SWEEP | NEUTRAL | 01/17/25 | $210.00 | $114.2K | 511 | 176 |
| ARCH | PUT | TRADE | BEARISH | 05/17/24 | $175.00 | $76.4K | 52 | 40 |
| ARCH | CALL | TRADE | NEUTRAL | 08/16/24 | $150.00 | $72.3K | 42 | 41 |
| ARCH | PUT | TRADE | BEARISH | 04/19/24 | $175.00 | $66.0K | 52 | 40 |
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.
After a thorough review of the options trading surrounding Arch Resources, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Arch Resources
- Currently trading with a volume of 221,597, the ARCH's price is down by 0.0%, now at $160.91.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 37 days.
What The Experts Say On Arch Resources
In the last month, 1 experts released ratings on this stock with an average target price of $198.0.
- Maintaining their stance, an analyst from B. Riley Securities continues to hold a Buy rating for Arch Resources, targeting a price of $198.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Arch Resources options trades with real-time alerts from Benzinga Pro.
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