Investors with significant funds have taken a bearish stance on IBM, as indicated by unusual options trades detected by Benzinga. These trades, totaling over $1.3 million, show a split sentiment of 25% bullish and 50% bearish. The main factors influencing the market are focused on a price band between $100.0 and $200.0 for IBM. Examining trading volumes and open interest provides insights into the liquidity and interest levels of IBM options.
IBM seeks to meet various IT needs through software, IT services, consulting, and hardware, operating in 175 countries and employing approximately 350,000 people. The company has a vast network of partners and serves a large customer base, making a significant impact globally.
In the current market, IBM’s trading volume is 798,600, with the stock price rising by 0.18% to $172.18. The RSI indicators suggest that the stock may be approaching an overbought condition, and an earnings announcement is expected in 20 days. Professional analysts have set an average price target of $200.0 for IBM, with one analyst from Goldman Sachs revising their rating down to Buy with a price target of $200.
Options trading carries more risk but also greater profit potential compared to trading stocks. Serious options traders manage risk by staying informed, using multiple indicators, and closely monitoring the market. For those interested in staying updated on options trading for IBM, Benzinga Pro offers real-time alerts.
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https://www.benzinga.com/insights/options/24/06/39530343/market-whales-and-their-recent-bets-on-ibm-options