Deep-pocketed investors have adopted a bearish 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 14 extraordinary options activities for IBM. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 42% leaning bullish and 50% bearish. Among these notable options, 9 are puts, totaling $477,657, and 5 are calls, amounting to $975,870.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $205.0 for IBM over the last 3 months.
Volume & Open Interest Trends
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 $150.0 to $205.0 in the last 30 days.
IBM Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IBM | CALL | SWEEP | BEARISH | 01/16/26 | $25.35 | $23.55 | $23.55 | $190.00 | $527.5K | 1.3K | 224 |
| IBM | CALL | TRADE | BEARISH | 01/16/26 | $28.1 | $26.3 | $26.3 | $185.00 | $178.8K | 742 | 68 |
| IBM | CALL | SWEEP | BULLISH | 01/17/25 | $14.25 | $13.9 | $14.25 | $190.00 | $142.5K | 5.1K | 93 |
| IBM | PUT | TRADE | BULLISH | 01/16/26 | $13.7 | $11.2 | $11.2 | $180.00 | $128.8K | 747 | 118 |
| IBM | CALL | SWEEP | BULLISH | 09/20/24 | $7.45 | $7.2 | $7.45 | $190.00 | $74.5K | 4.4K | 112 |
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.
Where Is IBM Standing Right Now?
- With a trading volume of 1,439,213, the price of IBM is up by 0.29%, reaching $196.59.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 63 days from now.
Professional Analyst Ratings for IBM
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $206.5.
- An analyst from Jefferies persists with their Hold rating on IBM, maintaining a target price of $200.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for IBM, targeting a price of $205.
- Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on IBM with a target price of $211.
- An analyst from BMO Capital persists with their Market Perform rating on IBM, maintaining a target price of $210.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
