NEW YORK Options on the newly listed shares of SoftBank's Arm Holdings, the year's biggest initial public offering, traded on Monday at a brisk pace, with many investors positioning for further downside. The shares closed down 4.5% at $58.00, having risen as high as $69 on Friday, its second day of trading. Bernstein started coverage of the stock with an "underperform" rating. Some 74,000 Arm options contracts changed hands on Monday, the first day options were available for trading. Arm made the list of the 50 most actively traded single-stock names in the options market on Monday, according to options analytics service Trade Alert.

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