ARM Holdings Unusual Options Activity

Author: Benzinga Insights | May 08, 2024 11:16am

Whales with a lot of money to spend have taken a noticeably bullish stance on ARM Holdings.

Looking at options history for ARM Holdings (NASDAQ:ARM) we detected 42 trades.

If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 40% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $446,105 and 34, calls, for a total amount of $2,421,091.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $45.0 to $150.0 for ARM Holdings over the recent three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of ARM Holdings stands at 1358.16, with a total volume reaching 10,422.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in ARM Holdings, situated within the strike price corridor from $45.0 to $150.0, throughout 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	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
ARM	CALL	TRADE	BULLISH	05/17/24	$7.65	$7.5	$7.65	$110.00	$382.5K	2.4K	851
ARM	CALL	TRADE	BULLISH	06/21/24	$12.05	$12.05	$12.05	$105.00	$216.9K	633	392
ARM	CALL	SWEEP	BEARISH	05/10/24	$3.15	$3.05	$3.05	$120.00	$141.8K	5.6K	1.0K
ARM	CALL	SWEEP	BULLISH	05/10/24	$7.05	$6.9	$7.05	$110.00	$141.0K	3.3K	1.4K
ARM	PUT	SWEEP	BEARISH	05/10/24	$14.1	$14.0	$14.1	$120.00	$117.0K	133	7

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.

Following our analysis of the options activities associated with ARM Holdings, we pivot to a closer look at the company's own performance.

Where Is ARM Holdings Standing Right Now?

• With a trading volume of 3,467,554, the price of ARM is up by 1.58%, reaching $109.5.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 0 days from now.

What Analysts Are Saying About ARM Holdings

In the last month, 5 experts released ratings on this stock with an average target price of $131.8.

• An analyst from Exane BNP Paribas downgraded its action to Neutral with a price target of $100.
• Maintaining their stance, an analyst from Rosenblatt continues to hold a Buy rating for ARM Holdings, targeting a price of $180.
• Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on ARM Holdings with a target price of $108.
• Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on ARM Holdings with a target price of $115.
• Reflecting concerns, an analyst from Evercore ISI Group lowers its rating to Outperform with a new price target of $156.

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.

Posted In: ARM