Financial giants have made a conspicuous bearish move on IBM. Our analysis of options history for IBM IBM revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $98,275, and 6 were calls, valued at $354,820.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $160.0 to $210.0 for IBM over the recent three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for IBM's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across IBM's significant trades, within a strike price range of $160.0 to $210.0, over the past month.
IBM 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| IBM | CALL | SWEEP | BEARISH | 03/15/24 | $185.00 | $132.7K | 3.3K | 306 |
| IBM | CALL | TRADE | BEARISH | 01/17/25 | $175.00 | $66.1K | 1.4K | 30 |
| IBM | PUT | TRADE | BULLISH | 02/16/24 | $210.00 | $49.5K | 1 | 39 |
| IBM | PUT | TRADE | BEARISH | 02/16/24 | $210.00 | $48.7K | 1 | 0 |
| IBM | CALL | TRADE | NEUTRAL | 04/19/24 | $180.00 | $46.0K | 1.4K | 66 |
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?
- Currently trading with a volume of 655,857, the IBM's price is down by -0.24%, now at $185.89.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 65 days.
Professional Analyst Ratings for IBM
In the last month, 5 experts released ratings on this stock with an average target price of $196.6.
- Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on IBM with a target price of $183.
- Consistent in their evaluation, an analyst from BMO Capital keeps a Market Perform rating on IBM with a target price of $210.
- An analyst from Stifel persists with their Buy rating on IBM, maintaining a target price of $190.
- Showing optimism, an analyst from Evercore ISI Group upgrades its rating to Outperform with a revised price target of $200.
- An analyst from RBC Capital has decided to maintain their Outperform rating on IBM, which currently sits at a price target of $200.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
