Shares of ARM Holdings plc (ARMH) are up .86 to 44.43 today. ?ARMH is near the lower end of the 52 week range.

Today paper traded 2000 ARMH Sep 50 calls for .38. ?The ADV is 2437 contracts.? The OI is 272 contracts.

The volume went up in 1 block.? This trade went up very close to the offer and could be a straight buy of OTM calls.? This is a hugely bullish stance considering weakness in stocks lately to go after OTM calls.? The calls are .40 bid as of this writing.

30-day implied volatility is 31%.?? 10-day implied volatility is 23%.? 30 day implied volatility is trading above the 10 realized volatility.

ARM Holdings plc (ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.