Popularized by the meme-trading phenomenon that catapulted during the worst of the COVID-19 pandemic, the concept of bold contrarianism has taken on a life of its own. However, when it comes to certain market ideas like Apartment Investment and Management (AIV), it’s better to go with the obvious approach, even if it is incredibly boring.
Still, what makes AIV stock quite appealing is that it appears the smart money is the one rolling the dice. Based on both unusual stock options volume and options flow data, the bulls apparently believe a recovery in Apartment Investment – better known as Aimco – is in order. It’s a worrisome proposition if I’m being perfectly honest.
