IBM Whale Trades For May 27

Someone with a lot of money to spend has taken a bullish stance on IBM IBM.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with IBM, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 20 uncommon options trades for IBM.

This isn't normal.

The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $56,693, and 18 are calls, for a total amount of $917,938.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $150.0 for IBM over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for IBM options trades today is 7126.54 with a total volume of 7,010.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for IBM's big money trades within a strike price range of $60.0 to $150.0 over the last 30 days.

IBM Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
IBM CALL TRADE BEARISH 01/19/24 $60.00 $158.2K 6 20
IBM CALL SWEEP BULLISH 05/27/22 $130.00 $92.6K 278 109
IBM CALL SWEEP BULLISH 06/17/22 $140.00 $67.0K 54.0K 1.0K
IBM CALL SWEEP BULLISH 10/21/22 $140.00 $62.9K 1.7K 155
IBM CALL SWEEP NEUTRAL 10/21/22 $140.00 $62.3K 1.7K 80

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
IBM CALL TRADE BEARISH 01/19/24 $60.00 $158.2K 6 20
IBM CALL SWEEP BULLISH 05/27/22 $130.00 $92.6K 278 109
IBM CALL SWEEP BULLISH 06/17/22 $140.00 $67.0K 54.0K 1.0K
IBM CALL SWEEP BULLISH 10/21/22 $140.00 $62.9K 1.7K 155
IBM CALL SWEEP NEUTRAL 10/21/22 $140.00 $62.3K 1.7K 80

Where Is IBM Standing Right Now?

  • With a volume of 2,602,325, the price of IBM is up 1.47% at $138.91.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 52 days.

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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets