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ARM Holdings Unusual Options Activity For July 01
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ARM Holdings Unusual Options Activity For July 01
Jul 1, 2024 7:17 AM

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

Looking at options history for ARM Holdings ( ARM ) we detected 13 trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 53% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $174,600 and 9, calls, for a total amount of $518,490.

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 $100.0 to $250.0 for ARM Holdings ( ARM ) over the last 3 months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in ARM Holdings's ( ARM ) options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to ARM Holdings's ( ARM ) substantial trades, within a strike price spectrum from $100.0 to $250.0 over the preceding 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 SWEEP BEARISH 09/20/24 $20.1 $19.55 $19.5 $165.00 $87.7K 925 0
ARM CALL SWEEP BULLISH 08/16/24 $9.0 $8.6 $8.7 $185.00 $87.1K 3.7K 112
ARM CALL SWEEP BEARISH 08/16/24 $8.6 $8.25 $8.25 $185.00 $82.0K 3.7K 252
ARM CALL TRADE NEUTRAL 07/19/24 $26.2 $24.3 $25.31 $135.00 $75.9K 1.8K 0
ARM PUT TRADE NEUTRAL 07/05/24 $13.65 $12.05 $12.7 $170.00 $63.5K 969 12

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. Off-the-shelf and architectural customers pay a royalty fee per chip shipped.

Where Is ARM Holdings Standing Right Now?

With a volume of 354,013, the price of ARM is down -0.89% at $162.17.

RSI indicators hint that the underlying stock may be overbought.

Next earnings are expected to be released in 45 days.

What Analysts Are Saying About ARM Holdings

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $164.0.

Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for ARM Holdings ( ARM ), targeting a price of $180.

Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for ARM Holdings ( ARM ), targeting a price of $143.

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

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