ARM Holdings plc (ARMH) is a designer of microprocessors and other development tools. The company’s stock is currently trading around $48.55 in a 52 week range of $34.75-$55.26. The stock has performed relatively well over the past 12 months with shares rallying just under 20%. Options action in today’s trading session suggests that traders believe this trend will continue and AMRH will remain strong through February expiration. Early in the session a trader sold 8,300 ARMH Feb 8 puts for $1.75. This is an extremely bullish trade with a high level of risk involved. This block also represents volume 2.3 times the average daily option volume in ARMH. We believe that an order of this size provides a good signal for a covered call trade in ARMH.

Andrew Keene


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