Array Technologies (ARRY) Just Flashed a Statistically Significant Reversal Signal for Options Traders

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Josh EnomotoTue, Jul 22, 2025, 7:30 PM 6 min readFutures Options Swaps by Pavel Ignatov via ShutterstockUnusual options activity represents a tricky subject, in large part because of the vagaries of its implications. Because options can be bought and sold — and therefore carry debit- or credit-based structures — it’s difficult to say with absolute certainty what the underlying dynamics mean. There has to be an objective mechanism to better determine which ideas could be intriguing and which ones to avoid.Those who want to place a bold wager should put Array Technologies (ARRY) on their radar.Option Volatility And Earnings Report For July 21 - 25What Gamma Exposure is Saying About Alphabet Stock Ahead of EarningsBlock Stock Spikes on S&P 500 Index Addition. Here’s What Traders Need to Know.Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else.As a provider of solar tracking solutions for the construction, development and operation of solar PV sites, Array stands on interesting ground. On one hand, the world is eagerly embracing clean and renewable energy and solar clearly fits into this narrative. But on the other hand, the Trump administration’s policies don’t exactly favor ARRY stock.Circumstances have not been particularly conducive for Array, with its equity losing nearly 4% on Monday. Over the past five sessions, ARRY stock is down roughly 10%. Conspicuously, since around mid-May, ARRY appears to have entered a consolidation phase.Still, one could make the argument that, counterintuitively, slowing momentum may eventually be a net positive for ARRY stock. Yesterday, total options volume for the security reached 6,810 contracts, representing a 74.48% lift over the trailing one-month average. However, 5,378 of these contracts were puts, yielding a put/call ratio of almost 3.76.Digging into options flow — which focuses exclusively on big block transactions likely placed by institutional investors — the screener revealed that net trade sentiment slipped to $287,500 below parity. Therefore, most of the puts were debit-based transactions, meaning that they technically represent “direct” bets against ARRY stock.So, should this worry investors? Most of the puts appear to be for contracts expiring in January 2027. I’m not sure how that would pressure the market downward in the immediate future. In my view, these puts are insurance against volatility, which is very reasonable considering the high beta of 1.74.Plus, the more important point may be that the bad news could be baked in.To say that investors have reflected the pessimism of Array’s business (along with optimistic talking points) into the share price of ARRY stock is a reasonable assumption. However, the assertion is that ARRY is now favorably mispriced, that the bears have overextended themselves.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,400.75 +4.50 (+0.07%)Dow Futures45,097.00 -117.00 (-0.26%)Nasdaq Futures23,381.00 +70.25 (+0.30%)Russell 2000 Futures2,290.20 -4.60 (-0.20%)VIX15.37 -1.13 (-6.85%)Gold3,385.50 -12.10 (-0.36%)PortfolioSign in to access your portfolioSign inTop gainersABVX ABIVAX Société Anonyme 68.60 +58.60 (+586.00%)LBRT Liberty Energy Inc. 13.25 +2.00 (+17.78%)VICR Vicor Corporation 52.68 +7.48 (+16.55%)LW Lamb Weston Holdings, Inc. 57.19 +8.02 (+16.31%)HIMS Hims & Hers Health, Inc. 58.02 +8.01 (+16.02%)Top losersENPH Enphase Energy, Inc. 36.48 -6.02 (-14.16%)FI Fiserv, Inc. 143.00 -22.98 (-13.85%)TXN Texas Instruments Incorporated 186.25 -28.67 (-13.34%)OTIS Otis Worldwide Corporation 88.49 -12.50 (-12.38%)MARA MARA Holdings, Inc. 17.57 -2.31 (-11.62%)Most activeLCID Lucid Group, Inc. 3.0800 -0.0500 (-1.60%)NVDA NVIDIA Corporation 170.78 +3.75 (+2.25%)MARA MARA Holdings, Inc. 17.57 -2.31 (-11.62%)NIO NIO Inc. 4.9200 -0.0900 (-1.80%)WBD Warner Bros. 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