Shares of aerospace stock Archer Aviation Inc (NYSE:ACHR) are up 22.7% at $11.14 at last glance, after the company's upbeat first-quarter earnings results. Before today, The stock had been on the rise since early April when it bounced off the 320-day moving average at $5.50. Now on track for its best day since its November, the stock is hitting its highest levels since mid February, and breaking into positive territory for 2025 with a 14.2% gain. 

As a result, ACHR is one of the most popular stocks in the options pits today. So far, 170,000 calls and 62,000 puts have been exchanged, which is 5 times the average options volume the stock typically sees in an entire session. The May 11 call is the most popular, with new positions being sold to open here. 

Fellow air taxi name Joby Aviation Inc (NYSE:JOBY) was last seen up 2% at $7.15, and heading for its fifth-straight winning session. The company's first-quarter earnings results were labeled "unimpressive" at Zacks Equity Research, with losses of 18 cents per share matching estimates, while revenue broke even, missing expectations.

However, the stock still rose 3.4% in its post-earnings session yesterday. Looking at key trendlines, the 80-day moving average flipped from pressure to support in late April, and aided in the shares' most recent bounce. Year to date, the equity is down 11.9%. 

Drone stock Red Cat Holdings Inc (NASDAQ:RCAT) was up 4.2% at $6.41 at last glance, also eyeing a fifth-straight gain. The 80-day moving average looms above as a potential rejection point, however. Since the start of the year, RCAT is down 50%. 

Stocks are mixed midday, as investors continue to unpack this morning's upbeat inflation data. The Dow Jones Industrial Average (DJI) is down triple digits, while the S&P 500 Index's (SPX) modest rise pushes it into the black for 2025. The Nasdaq Composite (IXIC), meanwhile, is up 278 points with help from Nvidia (NVDA) and the rest of the tech sector. 

Continue reading for more on today's market, including: 

• UnitedHealth stock hits 5-year lows on earnings, CEO buzz.
• Hertz Global stock plummets on first-quarter report. 
• Plus, options traders target ACHR after earnings; LSEA eyes best day ever; and HALO drops on Medicare update. 

Options bulls are targeting aerospace & defense stock Archer Aviation Inc (NYSE:ACHR), after the company's upbeat first-quarter results. So far, the stock has seen 128,000 calls and 35,000 puts exchanged, which is 7 times the average daily options volume. The May 11 call is the most popular, with new positions being sold to open there. At last glance, ACHR was up 22.7% at $11.14, hitting its highest levels since mid February. The shares have been rallying since bouncing off the 320-day moving average in early April. Since the start of the year, the equity is up 14.2%. 

Homebuilding stock Landsea Homes Corp (NASDAQ:LSEA) was last seen up 60% at $11.22, heading for its highest single-day percentage gain ever, after news that New Home will acquire the company for roughly $1.2 billion in a deal backed by Apollo Global Management. LSEA saw a barrage of bear notes in response, however, including a downgrade from Oppenheimer to "perform" from "outperform." Year-to-date, the equity is currently up 32.3%. 

Pharmaceutical concern Halozyme Therapeutics Inc (NASDAQ:HALO) is down 26.3% at $49.07, on a new CMS Medicare approach that will price negotiations for drugs that use its additive product, hyaluronidase. In response, Leerink Partners downgraded the stock to "underperform." For 2025, HALO is hanging on to a 0.8% lead. 

Car rental name Hertz Global Holdings Inc (NASDAQ:HTZ) was last seen down 19% at $5.62, after the company's wider-than-expected first-quarter losses per share and revenue miss. 

Falling further from its April 22, 52-week high of $9.39, HTZ is now trading at its lowest level since mid April. The shares are headed for their worst single-day percentage drop since their 19.3% fall after their first-quarter report last year. Year to date, the equity is up roughly 57%. 

In the options pits, 25,000 calls and 24,000 puts have been exchanged, which is double the average options volume typically seen at this point in the day. Expiring at the end of the week, the May 5.50 put is the most popular, with new positions opening there. 

Analysts have yet to chime in today, but all 10 in coverage already carry a "hold" or worse rating on Hertz Global stock. Plus, the 12-month consensus price target of $3.74 is a 34% discount to current levels, so today's post-earnings drop is likely considered to be priced in already. 

It's worth noting that short interest represents 20.4% of the stock's available float, even after the stock's recent peak. It would take 3.5 days for shorts to cover their bets, at HTZ's average pace of trading. 

Shares of athletic wear name Under Armour Inc (NYSE:UAA) are up 0.8% to trade at $6.26 this morning, enjoying a post-earnings lift on the charts. The company posted a narrower-than-expected fiscal fourth-quarter loss and topped revenue estimates. CEO Kevin Plank said turnaround efforts are paying off, despite the "complex macroeconomic backdrop" with tariff tensions. 

UAA is facing off with its 80-day moving average and remains 24.5% lower for 2025. May has had a strong start however, with the shares up nearly 10% so far, breaking above the $6 ceiling just yesterday.

Options traders were bullish heading into today. The equity's 50-day call/put volume ratio of 6.68 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 76% of readings from the past year.

The options pits are red-hot today as well, with total options volume running at triple the average daily pace. Most popular is the May 6 put, with the May 6 call following closely behind.

Shorts have been retreating, down 6.3% in the most recent reporting period. However, the 32.80 million shares sold short accounts for 17.4% of UAA's total available float, making a short squeeze a real possibility going forward. .

Chip titan Nvidia Corp (NASDAQ:NVDA) is enjoying trade tailwinds with the rest of the "Magnificent 7" today, after the U.S. and China agreed to cut reciprocal tariffs by 115% for 90 days. The artificial intelligence (AI) leader was last seen up 5.3% at $122.76, trading at its highest levels since March. Year-to-date the equity remains down 8.6%.

Nvidia is a staple on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that attracted the highest options volume over the past 10 days, topping the list this time around. NVDA saw 19,201,948 calls and 12,992,345 puts exchanged during this time, with the most action at the weekly 5/2 115-strike call, which saw 820,283 contracts cross the tape. 

So far today, NVDA has seen 1.83 million calls and 1.12 puts million exchanged hands. The May 125 call is the most popular by far, with new positions being opened there. 

Options are reasonably priced at the moment, too. The security's Schaeffer's Volatility Scorecard (SVI) of 49% ranks in the 8th percentile of its annual range, meaning options traders are pricing in lower volatility expectations than usual. 

CAVA Group Inc (NYSE:CAVA) has been dubbed the 'next Chipotle,' with the Mediterranean fast casual chain vaulting up the charts since its trading debut in June 2023. The stock has struggled so far in 2025, down 13%, but could be poised for a big move this week as the company's first quarter earnings loom. 

CAVA has a varied history of post-earnings moves. The stock only shed 0.3% after its earnings report in late February, but melted up by nearly 20% after its late August report. Overall, the stock averaged a post-earnings move, regardless of direction, of 6.2% after the last eight reports. This time around, the options market is pricing in a larger-than-usual post-earnings swing of 14.6%.

Leading up to the event, CAVA shares have been trading in a tight range, at the bottom of a channel of lower lows starting from their Nov. 13 all-time high of $172.42. Since early March, the stock has also tested its 320-day on numerous occasions.

There's intriguing short squeeze potential to monitor; short interest has fallen off 10% in the two most recent reporting periods, yet 9.3% of the stock's total available float remains sold short. 

The equity has outperformed options traders' volatility expectations over the last 12 months, making this an excellent opportunity to weigh in with options. This is per its Schaeffer's Volatility Scorecard (SVS) of 84 out of 100.

The Dow Jones Industrial Average (DJI) is up 862 points midday as Wall Street cheers the temporary reciprocal tariff cuts between China and the U.S. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are soaring as well, with both hitting their highest levels since early March. 

Continue reading for more on today's market, including: 

• Mining stock missing the Wall Street windup. 
• 2 Chinese e-commerce stocks pop on tariff pause.
• Plus, options traders target SE before earnings; NRG soars on billion-dollar acquisition; and another gold stock slide. 

Options traders are targeting software stock Sea Ltd (NYSE:SE) today, ahead of the company's latest quarterly earnings results, due out before the open tomorrow, May 13. So far, 19,000 calls and 11,000 puts have been exchanged, which is 6 times the average daily options volume already. The July 145 call is the most popular, with new positions opening there. 

Utility stock NRG Energy Inc (NYSE:NRG) is up 24.4% at $148.41 at last glance, gapping to fresh record highs and its best daily percentage pop since July 2017. The company announced strong first-quarter results and a $12 billion acquisition of a portfolio of natural gas generation facilities from LS Power Equity Advisors. Year to date, NRG is up 63.7%. 

Gold mining stock Perpetua Resources (NASDAQ:PPTA) is feeling the heat from its disappointing first-quarter results, as well as sector pressure from the tariff news. At last glance, PPTA was down 16.7% at $12.64, falling sharply from its recent May 2, four-year high of $15.44. Since the start of 2025, the equity is now up 17.4%.