Market Whales and Their Recent Bets on ACHR Options

Investors with a lot of money to spend have taken a bullish stance on Archer Aviation ACHR.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ACHR, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for Archer Aviation.

This isn't normal.

The overall sentiment of these big-money traders is split between 63% bullish and 36%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $103,786, and 9 are calls, for a total amount of $550,730.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $4.0 to $20.0 for Archer Aviation during the past quarter.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Archer Aviation options trades today is 9204.38 with a total volume of 2,436.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Archer Aviation's big money trades within a strike price range of $4.0 to $20.0 over the last 30 days.

Archer Aviation Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Archer Aviation

Archer Aviation Inc advances the benefits of sustainable air mobility. The company is engaged in designing and developing a fully electric vertical takeoff and landing eVTOL aircraft for use in UAM networks. It is creating an electric airline that moves people throughout cities in a quick, safe, sustainable, and cost-effective manner.

Following our analysis of the options activities associated with Archer Aviation, we pivot to a closer look at the company's own performance.

Present Market Standing of Archer Aviation

• With a volume of 17,407,793, the price of ACHR is up 2.53% at $8.1.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 52 days.

Expert Opinions on Archer Aviation

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $12.75.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Needham persists with their Buy rating on Archer Aviation, maintaining a target price of $13. * An analyst from Canaccord Genuity persists with their Buy rating on Archer Aviation, maintaining a target price of $13. * An analyst from Raymond James persists with their Outperform rating on Archer Aviation, maintaining a target price of $12. * In a cautious move, an analyst from HC Wainwright & Co. downgraded its rating to Buy, setting a price target of $12.

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 Archer Aviation options trades with real-time alerts from Benzinga Pro.