Arm Stock Hits Record Highs on NDX Inclusion

Group 1 - Arm Holdings PLC stock is reaching record highs, currently up 4% at $164.42, with a peak of $167.69, following the announcement of its inclusion in the Nasdaq-100 Index effective June 24, 2024 [1] - The stock has shown strong performance with only two negative closes since the start of June, and a year-to-date increase of 122.3% [1] - The company is expected to launch its first artificial intelligence (AI) chip next year, contributing to positive market sentiment [1] Group 2 - Options trading activity is significantly high, with 139,000 calls and 52,000 puts exchanged, which is four times the intraday average volume [1] - The June 170 call is the most popular among options traders, indicating strong interest in the stock [1] - Short interest in Arm Holdings has increased, now representing 8.1% of the stock's available float, suggesting some bearish sentiment [2] - The Schaeffer's Volatility Scorecard (SVS) for Arm Holdings is 83 out of 100, indicating that the stock has exceeded options traders' volatility expectations over the past year [2]