Financial giants have made a conspicuous bullish move on ARM Holdings. Our analysis of options history for ARM Holdings ARM revealed 22 unusual trades.
Delving into the details, we found 63% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $191,904, and 17 were calls, valued at $945,283.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $75.0 for ARM Holdings, spanning the last three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for ARM Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across ARM Holdings's significant trades, within a strike price range of $45.0 to $75.0, over the past month.
ARM Holdings Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ARM | CALL | TRADE | NEUTRAL | 01/17/25 | $65.00 | $129.2K | 1.2K | 936 |
| ARM | CALL | SWEEP | NEUTRAL | 12/29/23 | $60.00 | $120.1K | 170 | 17 |
| ARM | CALL | TRADE | BULLISH | 12/15/23 | $67.00 | $95.0K | 342 | 2.7K |
| ARM | CALL | SWEEP | BULLISH | 12/15/23 | $55.00 | $66.7K | 1.7K | 423 |
| ARM | CALL | SWEEP | BULLISH | 01/19/24 | $60.00 | $58.3K | 1.4K | 26 |
About ARM Holdings
Arm Holdings is the IP owner and developer of the ARM architecture (ARM stands for Acorn RISC Machine), which is used in 99% of the world's smartphone CPU cores, and it also has high market share in other battery-powered devices like wearables, tablets, or sensors. Arm licenses its architecture for a fee, offering different types of licenses depending on the flexibility the customer needs. Customers like Apple or Qualcomm buy architectural licenses, which allows them to modify the architecture and add or delete instructions to tailor the chips to their specific needs. Other clients directly buy off-the-shelf designs from Arm. Both off-the-shelf and architectural customers pay a royalty fee per chip shipped.
After a thorough review of the options trading surrounding ARM Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of ARM Holdings
- With a trading volume of 10,789,807, the price of ARM is down by -0.19%, reaching $62.32.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 69 days from now.
What Analysts Are Saying About ARM Holdings
In the last month, 2 experts released ratings on this stock with an average target price of $62.5.
- In a cautious move, an analyst from Wells Fargo downgraded its rating to Overweight, setting a price target of $70.
- Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Equal-Weight with a new price target of $55.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest ARM Holdings options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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