$AR RSI Trending Up - Bullish Unusual Options Activity

2 Jan 2019

AR Antero Resources - Appears to have found a bottom around $9.00 in December. RSI is beginning to trend upward on the daily chart with price still moving relatively sideways. If oil can continue to recover as we move into 2019 I expect AR to bounce back well above $10 within a short period of time. Will monitor for a break above ~$9.90 resistance before entering. See chart for a couple medium term targets.

Additionally, there has been some bullish options activity today with over 38k Jan'2020 $15.00 strike (OTM lotto < $1) call options traded vs an OI under 200 for a total premium of 3M.


Note: Informational analysis, not investment advice.