Market Whales and Their Recent Bets on ARM Options
Portfolio Pulse from Benzinga Insights
Big-money investors have shown a bearish stance on ARM Holdings (NASDAQ:ARM), with options trades indicating a sentiment split of 36% bullish and 63% bearish. Benzinga's options scanner revealed 11 significant trades, with a price range target of $60 to $75 over the last 3 months. The largest trades were bullish CALL options with expiration dates in 2026, but there were also bearish SWEEP CALL options. ARM Holdings specializes in ARM architecture, widely used in smartphones and other devices. The stock is currently neutral with an RSI indicator and an earnings announcement expected in 27 days. Analysts have set an average price target of $88.33, with varying recommendations from Deutsche Bank, Rosenblatt, and Mizuho.
January 11, 2024 | 4:03 pm
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ARM Holdings has seen significant options activity indicating a bearish sentiment among large investors, despite a neutral RSI and upcoming earnings announcement. Analysts have mixed views with an average price target of $88.33.
The bearish options activity, despite the neutral RSI and the mixed analyst ratings, suggests that investors may be expecting a downturn or are hedging against potential risks. The upcoming earnings announcement adds to the uncertainty, which could lead to increased volatility in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100