Apr. 10 at 1:18 AM
What's up with
$ARMK today?
Huge move on the options tape
Saw all 3,000 contracts of Apr 17th 43 to 44 calls bought on the ask, way above open interest
That's some serious upside positioning
$ARMK has been climbing, up 3.4% over the last five sessions
Options momentum is 8.6 times normal, 100% call-sided
Short term trend and flow are in sync, favoring continuation setups over shorts
UBS bumped their target to
$48 with a Buy rating
This gives a solid backdrop for the call activity
Could limit downside unless something negative pops up
Keeping an eye on this one