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Arm Holdings PLC put volume heavy and directionally bearish

Bearish flow noted in Arm (ARM) Holdings PLC with 11,642 puts trading, or 1.3x expected. Most active are Mar-26 125 puts and Mar-26 140 puts, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 2.29, while ATM IV is up over 2 points on the day. Earnings are expected on February 4th.

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