ARM Holdings Unusual Options Activity For October 30
Portfolio Pulse from Benzinga Insights
ARM Holdings (NASDAQ:ARM) has seen unusual options activity, with a significant bearish stance taken by investors. 80% of the trades were bearish, with 4 puts totaling $315,438 and 6 calls totaling $397,618. Whales have been targeting a price range from $48.5 to $65.0 for ARM Holdings over the last 3 months. Several financial institutions have downgraded their action to Buy with price targets ranging from $60 to $85. The stock is currently neutral with a volume of 1,381,490 and a price of $49.5.
October 30, 2023 | 3:46 pm
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ARM Holdings has seen significant bearish options activity. Several financial institutions have downgraded their action to Buy with price targets ranging from $60 to $85.
The bearish options activity indicates that investors are expecting the price of ARM Holdings to decrease. The downgrades from several financial institutions also suggest a less optimistic outlook for the stock, which could negatively impact its price in the short term.
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