Financial giants have made a conspicuous bullish move on IBM. Our analysis of options history for IBM IBM revealed 12 unusual trades.
Delving into the details, we found 58% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $225,276, and 7 were calls, valued at $716,539.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $155.0 to $230.0 for IBM over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for IBM's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of IBM's whale activity within a strike price range from $155.0 to $230.0 in the last 30 days.
IBM Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IBM | CALL | TRADE | BULLISH | 01/17/25 | $11.05 | $10.85 | $11.05 | $200.00 | $331.5K | 2.3K | 322 |
| IBM | CALL | SWEEP | BULLISH | 04/26/24 | $8.85 | $8.25 | $8.6 | $180.00 | $116.1K | 232 | 150 |
| IBM | CALL | TRADE | BULLISH | 01/17/25 | $11.2 | $10.6 | $11.0 | $200.00 | $88.0K | 2.3K | 324 |
| IBM | CALL | SWEEP | BEARISH | 04/19/24 | $3.5 | $3.2 | $3.2 | $182.50 | $80.0K | 568 | 1 |
| IBM | PUT | TRADE | BULLISH | 06/20/25 | $52.5 | $51.35 | $51.35 | $230.00 | $51.3K | 0 | 0 |
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.
Having examined the options trading patterns of IBM, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of IBM
- With a volume of 2,678,678, the price of IBM is up 1.62% at $184.19.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 8 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for IBM with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
