ACHR – 50 SMA Bounce with Sympathy Momentum from JOBY

ACHR – 50 SMA Pullback + Options Play Into Support
Archer Aviation (ACHR) is showing signs of life right at the 50 SMA, and with competitor JOBY ripping to new highs today on news, this could be the sympathy setup traders are looking for.

🔹 Technical Setup

After a strong run, ACHR has pulled back in an orderly fashion, now resting on the 50-day moving average — a key support zone.

The stock is sitting on clean support, showing signs of stabilization.

🔹 Sector Tailwind from JOBY

JOBY is breaking out today on headlines — and ACHR often moves in sympathy.

If momentum spills over, this could be the launchpad for ACHR to retest prior highs.

🔹 My Trade Plan:
1️⃣ Position: Buying the August 1st $11 calls around the $0.90 area.
2️⃣ Reasoning: Strong reward-to-risk if ACHR bounces from here.
3️⃣ Trigger: Watching for a reclaim of the short-term EMAs and increased volume as confirmation.

Why I Like This Setup:

50 SMA bounce + sympathy play = great combo.

Options are cheap, offering leverage without heavy risk.

If this breaks out again, it could move fast — this name has range.