Investors with a lot of money to spend have taken a bullish stance on IBM IBM.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with IBM, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 14 uncommon options trades for IBM.
This isn't normal.
The overall sentiment of these big-money traders is split between 57% bullish and 42%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $218,230, and 11 are calls, for a total amount of $755,261.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $220.0 for IBM during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for IBM options trades today is 2051.91 with a total volume of 1,038.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for IBM's big money trades within a strike price range of $150.0 to $220.0 over the last 30 days.
IBM Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| IBM | CALL | TRADE | BEARISH | 06/21/24 | $150.00 | $210.9K | 2.0K | 60 |
| IBM | CALL | SWEEP | BULLISH | 01/17/25 | $180.00 | $101.6K | 1.9K | 40 |
| IBM | PUT | SWEEP | BULLISH | 07/19/24 | $210.00 | $97.5K | 26 | 47 |
| IBM | PUT | SWEEP | BULLISH | 07/19/24 | $205.00 | $86.5K | 141 | 50 |
| IBM | CALL | TRADE | BULLISH | 01/17/25 | $175.00 | $82.5K | 1.3K | 30 |
About IBM
IBM looks to be a part of every aspect of an enterprise's IT needs. The company primarily sells software, IT services, consulting, and hardware. IBM operates in 175 countries and employs approximately 350,000 people. The company has a robust roster of 80,000 business partners to service 5,200 clients—which includes 95% of all Fortune 500. While IBM is a B2B company, IBM's outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world.
In light of the recent options history for IBM, it's now appropriate to focus on the company itself. We aim to explore its current performance.
IBM's Current Market Status
- Currently trading with a volume of 1,071,003, the IBM's price is up by 0.42%, now at $192.71.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 26 days.
Expert Opinions on IBM
2 market experts have recently issued ratings for this stock, with a consensus target price of $203.0.
- Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on IBM with a target price of $220.
- Maintaining their stance, an analyst from Bernstein continues to hold a Market Perform rating for IBM, targeting a price of $186.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest IBM options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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