Whale Alerts in Industrials: Archer Aviation and Boeing on October 23
- The options market showed significant activity on October 23, 2024, with various stocks experiencing substantial trades.
- JOBY had a notable bullish call sweep, while Archer Aviation faced bearish sentiment in its trading.
- The mixed options activity suggests varying investor sentiments and strategic adjustments across the industrial sector.
On October 23, 2024, options activity was notably active across several industrial stocks. A significant bullish call option sweep for JOBY was observed, with a future expiration set for October 25, 2024. This involved a transfer of 1,058 contracts at a strike price of $6.00, reflecting a substantial total cost of $42.3K to the writing parties. In contrast, Archer Aviation (ACHR) experienced a bearish call option sweep, with 2,500 contracts traded at a $3.50 strike, set to expire on January 17, 2025. Another noteworthy activity was seen with 100 put contracts for MMM at a bullish sentiment, although speculative in nature. Boeing (BA) recorded a neutral put option sweep with 597 contracts at a $160.00 strike, expiring in 10 days. Such mixed signals from these options suggest varying market sentiments, with bullish tendencies for JOBY and ZIM reflecting investor confidence, while ACHR’s bearish call indicates concerns regarding its future performance. The varied nature of these trades showcases an active options market and highlights the investors' strategic positions as they adjust their portfolios based on market conditions and company performance predictions.