$ARM Holdings Ltd(ARM)$ Bearish!
If the retracement of Nvidia and SuperMicron is any guidance, this grossly overpriced stock will only falls quicker in a pullback. It has nothing to do with if SoftBank decide to take profits on their holdings (if they decide to take profits at the overpriced price levels now, the fall in price will only accelerate ). There is not even very high short ratio (>10%) in the stock for near term trading. The sellers are investors taking profits at these inflated prices. Therefore, a good option trade will be to buy puts and hold till the price breaks the $120 level and falls to below $100 with the breakout!$ARM 20240419 140.0 PUT$
Modify on 2024-03-20 11:59
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