ARRY trade idea receipt

ARRY is a neutral volatility setup, where the trade is built around price staying inside the planned range rather than making a large directional move. The suggested iron condor uses the current stock price near $5.98 with a planned lower boundary near $3.64 and upper boundary near $8.31, so the thesis depends on price remaining inside that range. Supporting factors include IV rank 64% (elevated vs 1-year history), ATM IV 107.4% vs realized 69.8%, and front/next IV ratio 1.339 (event premium in term structure). Because this is a time-sensitive idea over roughly 24 hours, it should be sized carefully and revisited if price moves through the risk level or the supporting flow fades.