financetom
Business
financetom
/
Business
/
ARM Holdings Unusual Options Activity
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
ARM Holdings Unusual Options Activity
May 8, 2024 8:52 AM

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

Looking at options history for ARM Holdings ( 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 ( ARM ) over the recent three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of ARM Holdings ( ARM ) 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 ( ARM ), 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 ( ARM ) 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 ( ARM ), 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 ( ARM ), targeting a price of $180.

Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on ARM Holdings ( ARM ) with a target price of $108.

Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on ARM Holdings ( ARM ) 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 ( ARM ) with Benzinga Pro for real-time alerts.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Docebo Q2 Adjusted Net Income and Revenue Advance
Docebo Q2 Adjusted Net Income and Revenue Advance
Aug 8, 2024
06:53 AM EDT, 08/08/2024 (MT Newswires) -- Docebo ( DCBO ) , a learning platform provider, on Thursday reported an increase in second-quarter adjusted net income as revenue rose about 22%. Second-quarter adjusted net income came in at US$7.9 million, or US$0.26 per diluted share, rising from US$4.7 million, or US$0.14 per diluted share. Total revenue rose to US$53.1 million...
Restaurant Brands International's Q2 Adjusted Earnings, Revenue Rise
Restaurant Brands International's Q2 Adjusted Earnings, Revenue Rise
Aug 8, 2024
06:53 AM EDT, 08/08/2024 (MT Newswires) -- Restaurant Brands International (QSR) reported Q2 adjusted earnings Thursday of $0.86 per diluted share, up from $0.85 a year earlier. Analysts polled by Capital IQ expected $0.86. Revenue for the quarter ended June 30 was $2.08 billion, compared with $1.78 billion a year earlier. Analysts surveyed by Capital IQ expected $2.11 billion. The...
Merck stops experimental lung cancer drug combo trial
Merck stops experimental lung cancer drug combo trial
Aug 8, 2024
Aug 8 (Reuters) - Merck ( MRK ) said on Thursday it had discontinued its trial of a combination of its experimental drug and blockbuster therapy Keytruda for the treatment of a type of lung cancer, after an interim analysis showed the drug was unlikely to succeed. (Reporting by Leroy Leo in Bengaluru; Editing by Devika Syamnath) ...
Delta Faces Class Action Lawsuit Over Refunds After Major Computer Outage
Delta Faces Class Action Lawsuit Over Refunds After Major Computer Outage
Aug 8, 2024
06:51 AM EDT, 08/08/2024 (MT Newswires) -- Delta Air Lines ( DAL ) is facing a proposed class action lawsuit from passengers who claim the airline refused to offer full refunds after flights were delayed or canceled on July 19 due to a major computer outage, several media outlets reported on Wednesday. The proposed class action lawsuit was made public...
Copyright 2023-2026 - www.financetom.com All Rights Reserved