Large trade sees ARM holding firm

A large trader is betting that chip maker ARM Holdings will hold current levels in coming weeks.

More than 8,500 ARMH options have traded, compared to a daily average of 1,140 in the last month. That was dominated by one print in the February 48 puts.

optionMONSTER systems show that a trader sold 8,300 of those puts for the bid price of $1.75 on a relatively wide bid/ask spread. This is clearly a new position, as volume was 10 times the previous open interest in the strike.

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— Option Monster

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