Behind the Scenes of ARM Holdings's Latest Options Trends
Portfolio Pulse from Benzinga Insights
ARM Holdings (NASDAQ:ARM) has seen significant options trading activity, with a mix of bearish and bullish sentiments among big-money investors. The trading volume and open interest suggest a price band focus between $80.0 and $180.0. ARM's current stock price is $130.2, down by -0.82%, with a neutral RSI. Analysts have mixed opinions, with target prices ranging from $110 to $180. The company is a major player in smartphone CPU cores and licenses its architecture to clients like Apple and Qualcomm.
March 14, 2024 | 3:46 pm
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ARM Holdings has seen a notable mix of bearish and bullish options trading, with a current stock price of $130.2 and analyst target prices ranging from $110 to $180.
The significant options trading activity, with a nearly even split between bullish and bearish sentiments, suggests uncertainty about ARM's short-term price direction. The wide range of analyst target prices further complicates the outlook. However, ARM's strong market position in smartphone CPU cores and its licensing model provide a solid foundation. The current neutral RSI and the recent price dip might attract investors looking for an entry point, balancing the short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100