ARM Maybe in the Declining Cycle
$ARM Holdings Ltd(ARM)$ Retail investors are going to get smoked if they buy at this level. Can’t wait to buy puts that expire this December.
Those $30 strikes will be way in the money by then.
The short play is worth millions and so far it's millions in the bank as we watch for the $40's to engage.
The program was well served and WS has no option but to watch the erosion continue.
Chippers are in sell mode.
The history prove it. Down again. Intel down 5% yesterday on possitive AI news. AI doesn’t make enough money and we are headed for global recession. inflation still a problem. buy bonds or become a short ;)
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