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Moderately bullish activity in Archer Aviation with shares up 7.73%

Moderately bullish activity in Archer Aviation (ACHR), with shares up 94c, or 7.73%, near $13.03. Options volume more than double the daily average with 204k contracts traded and calls leading puts for a put/call ratio of 0.17, compared to a typical level near 0.25. Implied volatility (IV30) is higher by 1.6 points near 102.78,and above the 52wk median, suggesting an expected daily move of $0.84. Put-call skew steepened, indicating increased demand for downside protection.

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