Jul. 11 at 1:17 AM
$AR is seeing some aggressive call action today
About 9,733 Aug 21
$35 to
$39 calls swept at the ask around 11:58 ET
That's a hefty
$569K in premium and those sizes are bigger than existing open interest
Traders are betting on upside but the stock's been sliding
It's down 3.65% today and 6.26% over the last five days
No specific news driving this but all recent options flow is call-side sweeps
We're looking at a divergence here with
$651K in premium and 13% out of the money
This is a contrarian move against the short-term downtrend
If you're conservative, you might want to wait for some stabilization or a clear bullish signal
