ARM Holdings Option Traders Place Longer-Term Bearish Bets
Put players are flocking to ARM Holdings plc (ADR) (NASDAQ:ARMH) in today's session as the stock pulls back from multi-year high territory. Roughly 3 000 contracts have crossed the tape as of 1:09 p.m. EST or nearly nine times the average intraday pace for put options. As a point of comparison just over 200 calls have traded. The lion's share of attention is centered around ARMH's April 39 put which has seen more than 2 200 contracts trade. All of these have gone off at the ask price and only 105 contracts currently make up open interest here hinting ...
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