Arm Holdings (ARMH) adds 48 cents to $17.26 and options volume is twice the average daily, with 3000 calls traded so far (10 puts.) The action is scattered Sep and Oct calls with strike prices ranging from 15 to 21. Short-term speculators are active in the name on unconfirmed talk Apple Computer (AAPL) is eyeing the Cambridge, UK based maker of microprocessors.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.