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 13 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 69% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $286,955 and 7, calls, for a total amount of $245,694.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $160.0 to $300.0 for IBM over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for IBM options trades today is 483.56 with a total volume of 294.00.
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 $160.0 to $300.0 over the last 30 days.
IBM Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IBM | PUT | TRADE | BEARISH | 01/16/26 | $81.2 | $80.5 | $80.93 | $300.00 | $80.9K | 0 | 20 |
| IBM | PUT | TRADE | NEUTRAL | 01/16/26 | $81.1 | $80.15 | $80.55 | $300.00 | $80.5K | 0 | 10 |
| IBM | CALL | TRADE | BULLISH | 06/20/25 | $32.0 | $30.65 | $32.0 | $195.00 | $48.0K | 400 | 0 |
| IBM | CALL | TRADE | BEARISH | 01/15/27 | $10.4 | $10.1 | $10.1 | $300.00 | $40.4K | 380 | 40 |
| IBM | CALL | TRADE | BEARISH | 06/20/25 | $64.05 | $62.15 | $62.75 | $160.00 | $37.6K | 86 | 6 |
About IBM
IBM looks to be a part of every aspect of an enterprise's IT needs. The company 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 with the world.
Following our analysis of the options activities associated with IBM, we pivot to a closer look at the company's own performance.
Present Market Standing of IBM
- With a volume of 977,910, the price of IBM is down -1.5% at $220.9.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 7 days.
What Analysts Are Saying About IBM
In the last month, 2 experts released ratings on this stock with an average target price of $187.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from UBS has decided to maintain their Sell rating on IBM, which currently sits at a price target of $160. * Consistent in their evaluation, an analyst from Bernstein keeps a Market Perform rating on IBM with a target price of $215.
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.
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