Deep-pocketed investors have adopted a bullish approach towards IBM IBM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in IBM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for IBM. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 44% leaning bullish and 33% bearish. Among these notable options, 2 are puts, totaling $103,940, and 7 are calls, amounting to $310,735.
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 $200.0 for IBM during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of IBM stands at 1969.0, with a total volume reaching 213.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in IBM, situated within the strike price corridor from $150.0 to $200.0, throughout the last 30 days.
IBM Option Activity Analysis: Last 30 Days
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 | BEARISH | 01/16/26 | $26.95 | $25.8 | $25.8 | $170.00 | $105.7K | 1.3K | 0 |
| IBM | PUT | SWEEP | BEARISH | 09/20/24 | $19.1 | $19.1 | $19.1 | $195.00 | $76.4K | 431 | 0 |
| IBM | CALL | TRADE | NEUTRAL | 07/19/24 | $5.35 | $5.15 | $5.25 | $175.00 | $45.1K | 6.3K | 40 |
| IBM | CALL | SWEEP | BULLISH | 07/12/24 | $2.0 | $1.92 | $2.0 | $177.50 | $40.4K | 911 | 70 |
| IBM | CALL | TRADE | BULLISH | 06/20/25 | $12.05 | $11.8 | $12.05 | $190.00 | $37.3K | 576 | 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.
After a thorough review of the options trading surrounding IBM, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
IBM's Current Market Status
- With a trading volume of 1,405,148, the price of IBM is down by -0.03%, reaching $177.79.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 13 days from now.
What Analysts Are Saying About IBM
1 market experts have recently issued ratings for this stock, with a consensus target price of $200.0.
- An analyst from Goldman Sachs has revised its rating downward to Buy, adjusting the price target to $200.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for IBM, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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