$HWM | Snapshot 📊⚡
• Business: Howmet Aerospace Inc. manufactures high-specification engineered metal components, jet engine parts, aerospace fastening systems, and forged wheels for commercial and defense applications.
• Options Flow Breakdown: Long-term call sweep accumulation hitting ask prices, led by a $297.8K opening sweep on $240 strike Calls expiring January 2027 and unusual $245 strike Call sweeps for October 2026.
• Overall Bias: BULLISH
• Rationale:
$HWM is holding key support at $223.49–$211.40 on the weekly chart after pulling back from all-time highs. Institutional LEAPS flow on $240 Calls suggests confidence in a long-term rebound. A hold above $211.40 and a reclaim of $246.12 validates a move back toward $260.00 and $300.00.
🎯 Key Levels:
🐂 Bull Trigger: $226.82 / $246.12
🚀 Targets: $260.00 / $300.00 / $320.00
🛡 Support: $223.49 / $211.40
⚠️ Risk: $192.73 / $160.00
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