Moderately bullish activity in Arm Holdings PLC with shares up 1.94%

Moderately bullish activity in Arm Holdings PLC (ARM), with shares up $2.98, or 1.94%, near $156.88. Options volume running well above average with 61k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.59. Implied volatility (IV30) dropped 0.6 near 62.32,and above the 52wk median, suggesting an expected daily move of $6.16. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Outperform at BNP Paribas Exane.Looking ahead: Arm Holdings PLC (ARM) will report earnings after the close on 2025-07-30.Option markets are pricing in a 50% probability of a move greater than 9.0% or $14.12.