A Barchart report today shows unusually heavy call option trading in Arm Holdings Plc (ARM), an advanced semiconductor chip designer. Despite today's chip stock selloff, is this bullish, or are some stockholders selling covered calls?
ARM is up slightly today at $256.79, despite the chip-stock turbulence. However, in the last three weeks, it has dropped from a Sept. 22 peak of $333.20. In effect, it has been flat over the last three months, as the Barchart chart below shows.