Options Trading Signal: Aerospace Stock Could See More Records

Emma Duncan

Mon, March 9, 2026 astatine 12:41 PM CDT 1 min read

Howmet Aerospace Inc (NYSE:HMW) is down 0.8% to commercialized astatine $248.08, headed for its 4th nonaccomplishment successful 5 sessions. HMW tapped a grounds precocious of $267.31 connected March 2, but is nursing an wide monthly shortage of implicit 5%. It mightiness beryllium clip to bargain the dip though, with the banal flashing a historical bull signal, per information from Schaeffer's Senior Quantitative Analyst Rocky White.

HWM’s buy-to-open put/call ratio conscionable deed the 90th percentile and crossed implicit 1.0. Per White, successful the past 3 years that’s occurred 5 different times for the aerospace name. The banal has averaged a 10-day instrumentality of 2.8% with a 60% occurrence rate, and a 7.1% instrumentality 21 days aboriginal with an 80% occurrence rate. From its existent perch, jumps of this magnitude would enactment shares supra $254 and $265, respectively -- the second wrong a chip-shot of grounds territory.

Put traders person dominated the options pits of late. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), HIMS's 10-day call/put measurement ratio of 1.61 ranks higher than 91% readings from the past 12 months. Should this bearish sentiment statesman to unwind, it could trigger tailwinds for the shares.

Things are looking up for premium sellers, too. This is per the stock's Schaeffer's Volatility Scorecard (SVS) of 17 retired of 100, which indicates HWM has consistently realized little volatility than its options person priced in.