A whale with a lot of money to spend has taken a noticeably bearish stance on IBM.
Looking at options history for IBM IBM we detected 13 strange trades.
If we consider the specifics of each trade, it is accurate to state that 15% of the investors opened trades with bullish expectations and 84% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $310,295 and 7, calls, for a total amount of $1,441,092.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $155.0 for IBM over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for IBM options trades today is 3923.27 with a total volume of 4,466.00.
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 $80.0 to $155.0 over the last 30 days.
IBM Option Volume And Open Interest Over 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 | NEUTRAL | 01/19/24 | $135.00 | $1.1M | 4.8K | 10 |
| IBM | CALL | TRADE | NEUTRAL | 09/15/23 | $150.00 | $88.0K | 23.7K | 1.0K |
| IBM | PUT | SWEEP | BEARISH | 08/11/23 | $144.00 | $79.0K | 1.7K | 1.6K |
| IBM | PUT | SWEEP | BULLISH | 11/17/23 | $135.00 | $71.3K | 908 | 373 |
| IBM | CALL | TRADE | NEUTRAL | 01/19/24 | $95.00 | $50.6K | 56 | 14 |
Where Is IBM Standing Right Now?
- With a volume of 1,710,328, the price of IBM is down -1.84% at $143.22.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 70 days.
What The Experts Say On IBM:
- BMO Capital has decided to maintain their Market Perform rating on IBM, which currently sits at a price target of $150.
- Morgan Stanley downgraded its action to Equal-Weight with a price target of $135
- Stifel has decided to maintain their Buy rating on IBM, which currently sits at a price target of $144.
- Morgan Stanley downgraded its action to Equal-Weight with a price target of $135
- B of A Securities has decided to maintain their Buy rating on IBM, which currently sits at a price target of $160.
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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