Wealthy investors have recently shown a bullish stance towards IBM, as indicated by significant options activities detected by Benzinga. The exact identity of these investors remains unknown, but the magnitude of their move in IBM suggests a major event may be on the horizon.
Observations made today revealed 9 unusual options activities for IBM by these heavyweight investors. This level of activity is not typical and indicates a significant movement in the market. Approximately 44% of these investors are optimistic, while 33% have a bearish outlook. Among the notable options were 2 put options worth $103,940 and 7 call options worth $310,735.
Based on the volume and open interest in these contracts, it seems that these investors are targeting a price range of $150.0 to $200.0 for IBM in the near future. Looking at the data over the past quarter, the average open interest for IBM options stands at 1969.0, with a total volume of 213.00.
In the past 30 days, there have been some major options trades detected for IBM, including both bullish and bearish sentiments. The analysis includes details such as the type of trade, expiry date, strike price, and total commercial price.
IBM is a company that aims to address various IT needs for businesses, offering software, services, consulting, and hardware. With operations in 175 countries and a large workforce, IBM serves a vast number of clients, including Fortune 500 companies. The company’s external impact is significant, with involvement in managing credit card transactions globally and facilitating wireless connections.
In terms of the current market position of IBM, the trading volume is high at 1,405,148, with a slight price drop to $177.79. RSI values suggest the stock may be entering overbought territory, with the next earnings report scheduled in 13 days. Analysts have issued ratings for IBM with a consensus target price of $200.0, with one analyst downgrading the rating to Buy.
Options trading is considered riskier than stock trading but offers higher profit potential. Serious options traders manage this risk by staying informed, adjusting trade sizes, following multiple indicators, and closely monitoring the markets. For those interested in staying updated on IBM’s options trading, Benzinga Pro offers real-time alerts.
Article Source
https://www.benzinga.com/insights/options/24/07/39736799/ibms-options-frenzy-what-you-need-to-know
