Whales with a lot of money to spend have taken a noticeably bearish stance on IBM.
Looking at options history for IBM IBM we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 59% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $480,064 and 16, calls, for a total amount of $775,053.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $160.0 to $230.0 for IBM over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of IBM stands at 1779.22, with a total volume reaching 1,803.00. 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 $160.0 to $230.0, throughout the last 30 days.
IBM 30-Day Option Volume & Interest Snapshot
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 | 06/20/25 | $5.2 | $4.95 | $5.15 | $230.00 | $154.5K | 488 | 147 |
| IBM | PUT | SWEEP | BEARISH | 08/16/24 | $8.8 | $8.65 | $8.8 | $190.00 | $126.7K | 31 | 15 |
| IBM | PUT | TRADE | BULLISH | 06/20/25 | $17.9 | $17.75 | $17.75 | $190.00 | $101.1K | 88 | 23 |
| IBM | PUT | SWEEP | BULLISH | 09/20/24 | $12.7 | $12.3 | $12.3 | $195.00 | $92.2K | 457 | 0 |
| IBM | PUT | SWEEP | BEARISH | 01/16/26 | $27.0 | $27.0 | $27.0 | $200.00 | $86.4K | 563 | 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.
Present Market Standing of IBM
- Trading volume stands at 3,863,906, with IBM's price up by 0.88%, positioned at $187.45.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 7 days.
Professional Analyst Ratings for IBM
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $200.0.
- Reflecting concerns, an analyst from Goldman Sachs lowers its rating to Buy with a new price target of $200.
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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