Is the Options Market Predicting a Spike in Aris Water Solution (ARIS) Stock?

Company Overview - Aris Water Solution, Inc. (ARIS) is currently experiencing significant activity in the options market, particularly with the Oct 10, 2024 $10 Put option showing high implied volatility, indicating potential for a major price movement [1] Analyst Sentiment - Aris Water Solution holds a Zacks Rank of 4 (Sell) within the Waste Removal Services industry, which is positioned in the bottom 35% of the Zacks Industry Rank [3] - Over the past 60 days, there have been no increases in earnings estimates for the current quarter, with one analyst revising the estimate downward, leading to a decrease in the Zacks Consensus Estimate from 19 cents per share to 18 cents per share [3] Options Market Insights - The high implied volatility surrounding Aris Water Solution suggests that options traders anticipate a significant price movement, which could indicate an upcoming event that may lead to either a rally or a sell-off [2][4] - Seasoned options traders often seek to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected by expiration [4]