ARM Holdings has experienced a significant surge in its stock price, with shares reaching new highs and increasing by 8% on October 14, 2024. This upward movement has prompted traders to adjust their positions and strike prices. Notably, there has been substantial activity in ARM's options market, with buyers of March $230 calls at $9.25 offers and December $175 calls. The stock's breakout from its previous zone has led to increased investor interest and trading volume. Additionally, the MACD is close to crossing up, and implied volatility (IV) is also rising, further driving market activity. Traders have also been long on March leaps since August.