Option traders moderately bearish in Arm Holdings PLC (ARM), with shares down $3.21 near $135.41. Options volume relatively light with 34k contracts traded and calls leading puts for a put/call ratio of 0.76, compared to a typical level near 0.61. Implied volatility (IV30) is higher by 1.9 points near 50.06,in the bottom quartile of the past year, suggesting an expected daily move of $4.27. Put-call skew steepened, indicating increased demand for downside protection.
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