Arm Wager on Options Expiring in 2026 Yields $300 Million Profit
- Calls expiring 2026 have been in the money for over a month
- ARM’s stock price is up 78% since the start of February
A trader or group of traders netted some $300 million over the past two days by closing out bullish options positions in Arm Holdings PLC.
The contracts were opened in batches throughout January and early February, when the stock fluctuated between roughly $67 and $80. The target was call options expiring in January of 2026 with strike prices of $67.50, $70, and $72.50. The trades ultimately drove open interest across the three contracts to around 60,000 as of Monday.