Investors with significant funds have taken a bearish position in IBM (NYSE:IBM), a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in IBM usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 19 options transactions for IBM. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 21% being bullish and 68% bearish. Of all the options we discovered, 18 are puts, valued at $1,419,415, and there was a single call, worth $131,768.
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 $220.0 to $250.0 for IBM during the past quarter.
Insights into Volume & Open Interest
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 $220.0 to $250.0 in the last 30 days.
IBM Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IBM | PUT | SWEEP | BEARISH | 02/21/25 | $7.4 | $7.3 | $7.4 | $225.00 | $368.6K | 406 | 2.0K |
| IBM | PUT | SWEEP | BEARISH | 02/21/25 | $7.45 | $7.4 | $7.45 | $225.00 | $192.2K | 406 | 2.3K |
| IBM | CALL | SWEEP | BEARISH | 12/06/24 | $1.57 | $1.3 | $1.31 | $232.50 | $131.7K | 2.3K | 1.0K |
| IBM | PUT | SWEEP | BEARISH | 02/21/25 | $7.35 | $7.2 | $7.42 | $225.00 | $121.5K | 406 | 1.5K |
| IBM | PUT | SWEEP | BEARISH | 02/21/25 | $7.45 | $7.4 | $7.45 | $225.00 | $104.0K | 406 | 2.4K |
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
- Currently trading with a volume of 860,540, the IBM's price is up by 1.52%, now at $232.48.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 49 days.
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