A whale with a lot of money to spend has taken a noticeably bearish stance on ARM Holdings.
Looking at options history for ARM Holdings ARM we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 80% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $315,438 and 6, calls, for a total amount of $397,618.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $48.5 to $65.0 for ARM Holdings over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for ARM Holdings's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of ARM Holdings's whale activity within a strike price range from $48.5 to $65.0 in the last 30 days.
ARM Holdings Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ARM | PUT | TRADE | BEARISH | 01/19/24 | $57.50 | $202.0K | 326 | 0 |
| ARM | CALL | SWEEP | BEARISH | 11/10/23 | $52.00 | $140.1K | 385 | 6 |
| ARM | CALL | SWEEP | BEARISH | 12/01/23 | $51.50 | $127.5K | 1.1K | 25 |
| ARM | CALL | TRADE | BEARISH | 12/01/23 | $51.50 | $42.7K | 1.1K | 1.0K |
| ARM | PUT | TRADE | BEARISH | 01/19/24 | $57.50 | $40.6K | 326 | 201 |
Where Is ARM Holdings Standing Right Now?
- With a volume of 1,381,490, the price of ARM is up 0.84% at $49.5.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 16 days.
What The Experts Say On ARM Holdings:
- Guggenheim downgraded its action to Buy with a price target of $64
- Deutsche Bank downgraded its action to Buy with a price target of $60
- BMO Capital downgraded its action to Market Perform with a price target of $60
- Jefferies downgraded its action to Buy with a price target of $64
- Rosenblatt downgraded its action to Buy with a price target of $85
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for ARM Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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