Looking At IBM's Recent Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on IBM.

Looking at options history for IBM IBM we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $308,582 and 7, calls, for a total amount of $512,857.

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 $125.0 to $165.0 for IBM over the last 3 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 $125.0 to $165.0 in 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 SWEEP BEARISH 01/20/23 $145.00 $127.3K 13.2K 120
IBM CALL SWEEP BEARISH 02/17/23 $150.00 $125.1K 7.3K 501
IBM PUT SWEEP BEARISH 02/17/23 $135.00 $118.4K 5.9K 879
IBM PUT SWEEP BEARISH 01/20/23 $150.00 $110.0K 3.4K 598
IBM CALL TRADE BEARISH 01/20/23 $150.00 $77.6K 9.1K 1.3K

Where Is IBM Standing Right Now?

  • With a volume of 2,256,924, the price of IBM is up 0.03% at $147.54.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 49 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 IBM, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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