Investors with a lot of money to spend have taken a bearish stance on IBM IBM.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with IBM, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for IBM.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $43,637, and 10, calls, for a total amount of $1,079,444.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $140.0 and $165.0 for IBM, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for IBM options trades today is 3773.0 with a total volume of 2,623.00.
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 $140.0 to $165.0 over the last 30 days.
IBM 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| IBM | CALL | SWEEP | BEARISH | 02/16/24 | $155.00 | $487.6K | 4.5K | 502 |
| IBM | CALL | SWEEP | BULLISH | 01/17/25 | $150.00 | $168.4K | 2.5K | 131 |
| IBM | CALL | TRADE | BULLISH | 02/16/24 | $155.00 | $94.5K | 4.5K | 593 |
| IBM | CALL | SWEEP | NEUTRAL | 01/19/24 | $140.00 | $80.4K | 5.0K | 96 |
| IBM | CALL | SWEEP | BEARISH | 01/19/24 | $145.00 | $72.9K | 5.7K | 17 |
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.
IBM's Current Market Status
- Trading volume stands at 2,134,921, with IBM's price down by -0.13%, positioned at $160.89.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 50 days.
What The Experts Say On IBM
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $140.0.
- In a cautious move, an analyst from Wedbush downgraded its rating to Neutral, setting a price target of $140.
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.
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