Whales with a lot of money to spend have taken a noticeably bearish stance on ARM Holdings.
Looking at options history for ARM Holdings (NASDAQ:ARM) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $371,073 and 13, calls, for a total amount of $709,822.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $200.0 for ARM Holdings over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $70.0 to $200.0 in the last 30 days.
ARM Holdings Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ARM | CALL | SWEEP | BEARISH | 07/26/24 | $9.15 | $8.1 | $9.0 | $160.00 | $180.0K | 549 | 30 |
| ARM | CALL | TRADE | BEARISH | 09/20/24 | $18.8 | $18.65 | $18.65 | $165.00 | $104.4K | 784 | 20 |
| ARM | PUT | SWEEP | BULLISH | 07/19/24 | $14.0 | $13.45 | $13.45 | $175.00 | $67.2K | 1.5K | 65 |
| ARM | CALL | SWEEP | BEARISH | 11/15/24 | $15.15 | $14.85 | $14.91 | $200.00 | $59.6K | 567 | 0 |
| ARM | PUT | SWEEP | BULLISH | 07/19/24 | $13.95 | $13.45 | $13.45 | $175.00 | $48.4K | 1.5K | 65 |
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. Off-the-shelf and architectural customers pay a royalty fee per chip shipped.
Having examined the options trading patterns of ARM Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of ARM Holdings
- With a trading volume of 2,712,048, the price of ARM is down by -1.31%, reaching $159.58.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 13 days from now.
Expert Opinions on ARM Holdings
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $169.0.
- An analyst from Guggenheim persists with their Buy rating on ARM Holdings, maintaining a target price of $169.
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.