Archer Aviation Inc. (ACHR) experienced a significant surge in its stock price during Wednesday's intraday trading session, with shares skyrocketing 18.27%. This remarkable upward movement was fueled by heightened investor interest and bullish options activity surrounding the electric air mobility company.

The stock's rally gained momentum as investors piled into call options, with trading volume for bullish calls in ACHR surging to 93,321 contracts, approximately four times the expected level. This elevated call volume was accompanied by a substantial increase in implied volatility, jumping over 6 points to 144.32%. Such activity indicates that traders were aggressively positioning themselves for further upside in Archer Aviation's shares.

While the specific catalyst behind the surge remains unclear, the heightened investor interest and bullish options flow suggest growing optimism surrounding the company's prospects in the emerging urban air mobility market. As Archer Aviation continues to make strides in developing its electric vertical take-off and landing (eVTOL) aircraft, investors appear to be positioning themselves for potential breakthroughs or positive developments in the near future.