Financial giants have made a conspicuous bullish move on IBM. Our analysis of options history for IBM (NYSE:IBM) revealed 15 unusual trades.

Delving into the details, we found 53% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $89,145, and 13 were calls, valued at $1,123,079.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $130.0 and $180.0 for IBM, spanning the last three months.

Volume & Open Interest Trends

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 $130.0 to $180.0 in the last 30 days.

IBM Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About IBM

Having examined the options trading patterns of IBM, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is IBM Standing Right Now?

• Currently trading with a volume of 1,471,322, the IBM's price is up by 0.81%, now at $166.02.
• RSI readings suggest the stock is currently may be oversold.
• Anticipated earnings release is in 75 days.

What The Experts Say On IBM

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $163.0.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for IBM, Benzinga Pro gives you real-time options trades alerts.