27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Whales with a lot of money to spend have taken a noticeably bearish stance on IBM.
Looking at options history for IBM (NYSE:IBM) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 77% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $196,840 and 6, calls, for a total amount of $192,385.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $165.0 to $220.0 for IBM over the recent three months.
Analyzing Volume & Open Interest
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 $165.0 to $220.0 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 | PUT | TRADE | NEUTRAL | 01/16/26 | $13.7 | $11.3 | $12.45 | $165.00 | $124.5K | 742 | 100 |
| IBM | PUT | TRADE | NEUTRAL | 04/12/24 | $2.12 | $2.03 | $2.07 | $187.50 | $46.5K | 568 | 535 |
| IBM | CALL | TRADE | BEARISH | 05/17/24 | $7.1 | $6.95 | $6.95 | $190.00 | $40.3K | 4.9K | 138 |
| IBM | CALL | SWEEP | BEARISH | 09/20/24 | $10.55 | $10.5 | $10.5 | $195.00 | $33.6K | 1.6K | 86 |
| IBM | CALL | TRADE | BULLISH | 04/19/24 | $4.75 | $4.55 | $4.75 | $187.50 | $33.2K | 176 | 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.
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.
Present Market Standing of IBM
- Trading volume stands at 1,048,261, with IBM's price down by -0.34%, positioned at $189.19.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 15 days.
Expert Opinions on IBM
In the last month, 2 experts released ratings on this stock with an average target price of $203.0.
- An analyst from Bernstein persists with their Market Perform rating on IBM, maintaining a target price of $186.
- An analyst from B of A Securities has decided to maintain their Buy rating on IBM, which currently sits at a price target of $220.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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