Financial giants have made a conspicuous bullish move on IBM. Our analysis of options history for IBM (NYSE:IBM) revealed 14 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 28% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $344,090, and 7 were calls, valued at $268,678.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $140.0 to $195.0 for IBM during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for IBM options trades today is 1372.27 with a total volume of 9,207.00.
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 $140.0 to $195.0 over the last 30 days.
IBM Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IBM | PUT | SWEEP | BEARISH | 10/18/24 | $8.45 | $8.3 | $8.45 | $170.00 | $133.5K | 676 | 0 |
| IBM | PUT | SWEEP | BEARISH | 06/21/24 | $26.4 | $24.15 | $25.81 | $195.00 | $51.6K | 30 | 0 |
| IBM | CALL | TRADE | BULLISH | 01/17/25 | $33.05 | $32.55 | $33.05 | $140.00 | $49.5K | 496 | 0 |
| IBM | PUT | SWEEP | BULLISH | 01/17/25 | $9.55 | $9.4 | $9.43 | $165.00 | $47.1K | 1.6K | 13 |
| IBM | CALL | SWEEP | BULLISH | 01/17/25 | $14.8 | $14.55 | $14.75 | $165.00 | $44.2K | 1.6K | 1 |
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.
Current Position of IBM
- With a trading volume of 1,818,466, the price of IBM is down by -0.39%, reaching $168.84.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 29 days from now.
Expert Opinions on IBM
1 market experts have recently issued ratings for this stock, with a consensus target price of $200.0.
- Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform 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.