Aerospace Stock with Support in Place

Group 1 - BWX Technologies Inc (NYSE:BWXT) shares are currently supported at their March and July 2024 highs, breaking above resistance in the $110-$111 range [2] - All daily moving averages for BWXT are trending upwards, potentially providing a support level in case of a market pullback [2] - Short interest for BWXT has increased by 38.7% in the last two reporting periods, suggesting that a reversal of this pessimism could benefit the stock [3] Group 2 - Aggressive put sellers are active at the June 105-strike, while also purchasing June 120- and 130-strike calls, indicating bullish sentiment [3] - The Schaeffer's open interest ratio (SOIR) for BWXT is at 1.23, historically associated with price bottoms [3] - The Schaeffer's Volatility Index (SVI) for BWXT is at 29%, ranking in the 26th percentile of its annual range, indicating low volatility expectations among options traders [4] Group 3 - The recommended call option for BWXT has a leverage ratio of 6.4, which could double with a 16% gain in the underlying stock [4]