SHORT ARM/ BUY 5/17/24 115 PUT
ARM Holdings had disappointing earnings last week and was down double digits and the stock has since rallied back three days in a row with a Burn Notice to own the stock today, (probably the same dopes who dumped it on earnings!) Great case as the stock is rallying on AI hopium today as well… We’re also bumping up against resistance at the 5o day moving average near 118.
1 Star Trade last hour 3:00-4:00
