Benzinga's options scanner just detected over 13 options trades for Array Technologies ARRY summing a total amount of $1,072,683.
At the same time, our algo caught 3 for a total amount of 441,856.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $17.5 to $22.5 for Array Technologies over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Array Technologies options trades today is 1715.8 with a total volume of 39,755.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Array Technologies's big money trades within a strike price range of $17.5 to $22.5 over the last 30 days.
Array Technologies Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ARRY | PUT | SWEEP | BULLISH | 06/16/23 | $17.50 | $270.5K | 31 | 2.4K |
| ARRY | CALL | SWEEP | BULLISH | 05/19/23 | $17.50 | $165.0K | 271 | 600 |
| ARRY | CALL | SWEEP | BULLISH | 05/19/23 | $20.00 | $135.2K | 1.3K | 1.3K |
| ARRY | CALL | SWEEP | BULLISH | 05/19/23 | $20.00 | $122.1K | 1.3K | 5.3K |
| ARRY | PUT | SWEEP | BEARISH | 05/19/23 | $17.50 | $114.3K | 3.2K | 1.6K |
Where Is Array Technologies Standing Right Now?
- With a volume of 7,095,462, the price of ARRY is up 3.0% at $19.22.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 0 days.
What The Experts Say On Array Technologies:
- Wolfe Research downgraded its action to Outperform with a price target of $25
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Array Technologies, Benzinga Pro gives you real-time options trades alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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