🔎 Chart Analysis (1H + swing view)
• Current price: ~$6.08
• Support: $6.00 (holding right now), stronger at $5.50
• Resistance: $7.00 → $8.00 → $9.00
• Trend: Price has been in a steady downtrend, but sitting right at a key demand zone (yellow marker).
• If it holds $6, this could be a swing low and start a reversal toward $7–8 into fall.
⸻
🎯 Bullish Options Play (October Expiry)
1. Bull Call Spread (defined risk, high R/R)
• Buy Oct $6 Call
• Sell Oct $8 Call
• Lower premium than naked calls.
• Max profit if ARRY ≥ $8 by October.
• Breakeven ≈ $6.50 (depending on IV).
2. Straight Call (aggressive, more risk)
• Buy Oct $6 Call (ATM)
• Direct exposure, more expensive but max upside.
3. Cash-Secured Put (if okay owning stock lower)
• Sell Oct $6 Put
• If ARRY holds above $6, you keep premium.
• If it dips, you get assigned at effective discount near support.
4. Diagonal Spread (if expecting slow grind up)
• Buy Oct $6 Call
• Sell Sept $7 Call
• Cheapens cost, profits from gradual move upward.
⸻
👉 Best balance here: Oct $6/$8 Call Spread.
• Defined risk, small debit.
• If ARRY bounces to $8 (just back to resistance), you get max profit.
• Current price: ~$6.08
• Support: $6.00 (holding right now), stronger at $5.50
• Resistance: $7.00 → $8.00 → $9.00
• Trend: Price has been in a steady downtrend, but sitting right at a key demand zone (yellow marker).
• If it holds $6, this could be a swing low and start a reversal toward $7–8 into fall.
⸻
🎯 Bullish Options Play (October Expiry)
1. Bull Call Spread (defined risk, high R/R)
• Buy Oct $6 Call
• Sell Oct $8 Call
• Lower premium than naked calls.
• Max profit if ARRY ≥ $8 by October.
• Breakeven ≈ $6.50 (depending on IV).
2. Straight Call (aggressive, more risk)
• Buy Oct $6 Call (ATM)
• Direct exposure, more expensive but max upside.
3. Cash-Secured Put (if okay owning stock lower)
• Sell Oct $6 Put
• If ARRY holds above $6, you keep premium.
• If it dips, you get assigned at effective discount near support.
4. Diagonal Spread (if expecting slow grind up)
• Buy Oct $6 Call
• Sell Sept $7 Call
• Cheapens cost, profits from gradual move upward.
⸻
👉 Best balance here: Oct $6/$8 Call Spread.
• Defined risk, small debit.
• If ARRY bounces to $8 (just back to resistance), you get max profit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.