Arm Share Price Falls on High Volume of Puts Trading After IPO

Arm shares fell 5.3% to $57.50 on Monday, after rising to $69 on its second day of trading Friday.
29,000 Arm options contracts traded on Monday, the first day they were available, with volume projected to hit 63,000.
2012 Facebook options market debut holds the record with 360,000 contracts on the first day.
About 80% of options volume concentrated in contracts expiring October 20.
Much of the volume was in puts, used to bet on or guard against share price declines.

reuters.com

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9/14/2023

Triple Witching Event This Friday Could Lead to Market Volatility

Stock traders are bracing for potential turbulence as $4 trillion of options contracts tied to stocks and index options are set to mature this week, coinciding with the rebalancing of benchmark indexes, though some investors remain optimistic about a potential fourth-quarter rally.