Financial giants have made a conspicuous bearish move on IBM. Our analysis of options history for IBM (NYSE:IBM) revealed 12 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $104,196, and 9 were calls, valued at $587,202.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $165.0 to $210.0 for IBM over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for IBM's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across IBM's significant trades, within a strike price range of $165.0 to $210.0, over the past month.
IBM 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IBM | CALL | TRADE | BULLISH | 07/19/24 | $2.15 | $2.11 | $2.15 | $180.00 | $165.5K | 8.6K | 1.0K |
| IBM | CALL | SWEEP | BULLISH | 07/26/24 | $6.25 | $6.15 | $6.25 | $182.50 | $122.5K | 51 | 50 |
| IBM | CALL | SWEEP | NEUTRAL | 01/17/25 | $24.0 | $23.75 | $24.0 | $165.00 | $60.0K | 1.7K | 0 |
| IBM | CALL | TRADE | BULLISH | 08/16/24 | $4.5 | $4.4 | $4.5 | $185.00 | $50.8K | 3.1K | 76 |
| IBM | CALL | SWEEP | BEARISH | 07/19/24 | $2.17 | $2.15 | $2.17 | $180.00 | $45.6K | 8.6K | 780 |
About IBM
IBM looks to be a part of every aspect of an enterprise's IT needs. The company primarily sells software, IT services, consulting, and hardware. IBM operates in 175 countries and employs approximately 350,000 people. The company has a robust roster of 80,000 business partners to service 5,200 clients—which includes 95% of all Fortune 500. While IBM is a B2B company, IBM's outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world.
Present Market Standing of IBM
- Trading volume stands at 1,815,300, with IBM's price up by 2.69%, positioned at $183.11.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 12 days.
Professional Analyst Ratings for IBM
1 market experts have recently issued ratings for this stock, with a consensus target price of $200.0.
- Reflecting concerns, an analyst from Goldman Sachs lowers its rating to Buy with a new price target of $200.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest IBM options trades with real-time alerts from Benzinga Pro.