Deep-pocketed investors have adopted a bullish approach towards IBM IBM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in IBM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for IBM. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 77% leaning bullish and 22% bearish. Among these notable options, 2 are puts, totaling $83,740, and 7 are calls, amounting to $496,722.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $175.0 to $270.0 for IBM over the recent three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of IBM stands at 3169.33, with a total volume reaching 560.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in IBM, situated within the strike price corridor from $175.0 to $270.0, throughout the last 30 days.
IBM 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| IBM | CALL | SWEEP | BEARISH | 05/17/24 | $200.00 | $265.0K | 2.6K | 3 |
| IBM | CALL | TRADE | BULLISH | 06/20/25 | $210.00 | $59.2K | 339 | 40 |
| IBM | PUT | SWEEP | BULLISH | 04/05/24 | $190.00 | $48.1K | 950 | 165 |
| IBM | CALL | TRADE | BULLISH | 06/20/25 | $200.00 | $45.2K | 595 | 0 |
| IBM | CALL | TRADE | BULLISH | 06/21/24 | $195.00 | $40.9K | 2.9K | 1 |
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.
Following our analysis of the options activities associated with IBM, we pivot to a closer look at the company's own performance.
Where Is IBM Standing Right Now?
- With a trading volume of 572,105, the price of IBM is up by 0.33%, reaching $191.7.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 30 days from now.
Professional Analyst Ratings for IBM
2 market experts have recently issued ratings for this stock, with a consensus target price of $203.0.
- 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.
- An analyst from Bernstein has decided to maintain their Market Perform rating on IBM, which currently sits at a price target of $186.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest IBM options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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