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 27 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 12 are puts, for a total amount of $1,087,999 and 15, calls, for a total amount of $859,129.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $190.0 to $380.0 for IBM over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $190.0 to $380.0 in the last 30 days.
IBM Call and Put Volume: 30-Day Overview
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 | SWEEP | BULLISH | 01/15/27 | $39.3 | $38.75 | $38.75 | $300.00 | $387.5K | 2.5K | 100 |
| IBM | CALL | SWEEP | BEARISH | 01/30/26 | $8.95 | $8.75 | $8.75 | $300.00 | $129.5K | 282 | 258 |
| IBM | PUT | SWEEP | BEARISH | 10/16/26 | $35.2 | $33.6 | $34.6 | $300.00 | $114.1K | 1 | 33 |
| IBM | PUT | TRADE | BEARISH | 10/16/26 | $34.2 | $32.8 | $33.78 | $300.00 | $101.3K | 1 | 63 |
| IBM | CALL | TRADE | BEARISH | 12/17/27 | $104.3 | $102.1 | $102.1 | $210.00 | $91.8K | 28 | 9 |
About IBM
Incorporated in 1911, International Business Machines, or IBM, is one of the oldest technology companies in the world. It provides software, IT consulting services, and hardware to help business customers modernize their technology workflows. IBM operates in 175 countries and employs approximately 300,000 people. The company has a robust roster of business partners to service its clients, which includes 95% of all Fortune 500 companies. IBM's products, including Red Hat, watsonx, and mainframes, handle some of the world's most important data workloads in areas like finance and retail.
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.
Current Position of IBM
- With a volume of 2,690,918, the price of IBM is down -3.12% at $296.13.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 8 days.
Expert Opinions on IBM
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $343.75.
- An analyst from RBC Capital has decided to maintain their Outperform rating on IBM, which currently sits at a price target of $350.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on IBM with a target price of $330.
- An analyst from B of A Securities persists with their Buy rating on IBM, maintaining a target price of $335.
- In a positive move, an analyst from Jefferies has upgraded their rating to Buy and adjusted the price target to $360.
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.
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