Arm Holdings options draw robust trading volume as shares slide

Published by
Reuters UK

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options on the newly listed shares of SoftBank’s Arm Holdings, the year’s biggest initial public offering, started trading on Monday, at a brisk pace, as a drop in the share price prompted investors to take guard. Arm shares fell 5.3% to $57.50, after rising as high as $69 on Friday, its second day of trading. Some 29,000 Arm options contracts changed hands by 11:45 a.m. (1545 GMT) on Monday, the first day options were available for trading, with volume projected to hit 63,000 by the end of the day, according to options analytics service Trade Alert. T…

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