IBM Unusual Options Activity For January 09

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 17 strange trades.

If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $198,780 and 15, calls, for a total amount of $2,347,256.

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 $130.0 to $145.0 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 6924.8 with a total volume of 6,750.00.

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 $130.0 to $145.0 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 BULLISH 02/17/23 $130.00 $1.3M 7.0K 1.0K
IBM CALL SWEEP BEARISH 02/17/23 $135.00 $209.0K 3.7K 387
IBM CALL SWEEP BULLISH 02/17/23 $135.00 $207.7K 3.7K 197
IBM PUT TRADE BEARISH 02/17/23 $145.00 $145.1K 1.6K 240
IBM CALL SWEEP BULLISH 02/17/23 $140.00 $93.2K 10.5K 126

Where Is IBM Standing Right Now?

  • With a volume of 273,924, the price of IBM is up 0.26% at $144.08.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 16 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.

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Posted In: OptionsMarketsBZI-UOA
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