Investors with a lot of money to spend have taken a bullish stance on ARM Holdings ARM.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ARM, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 23 options trades for ARM Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 60% bullish and 39%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $35,300, and 22, calls, for a total amount of $1,115,067.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $45.0 to $90.0 for ARM Holdings during the past quarter.
Volume & Open Interest Trends
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 $45.0 to $90.0 in the last 30 days.
ARM Holdings Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ARM | CALL | SWEEP | BULLISH | 12/15/23 | $55.00 | $119.1K | 2.0K | 121 |
| ARM | CALL | SWEEP | BEARISH | 12/15/23 | $65.00 | $114.0K | 2.3K | 4.3K |
| ARM | CALL | SWEEP | BEARISH | 04/19/24 | $70.00 | $110.0K | 2.6K | 79 |
| ARM | CALL | SWEEP | BULLISH | 04/19/24 | $60.00 | $68.5K | 2.9K | 93 |
| ARM | CALL | SWEEP | BULLISH | 04/19/24 | $62.50 | $62.5K | 227 | 15 |
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.
Where Is ARM Holdings Standing Right Now?
- Currently trading with a volume of 13,229,202, the ARM's price is up by 0.82%, now at $59.14.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 85 days.
What The Experts Say On ARM Holdings
In the last month, 2 experts released ratings on this stock with an average target price of $62.5.
- Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Equal-Weight with a new price target of $55.
- Reflecting concerns, an analyst from Wells Fargo lowers its rating to Overweight with a new price target of $70.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for ARM Holdings with Benzinga Pro for real-time alerts.
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