Financial giants have recently shown a bearish movement towards IBM, with analysis revealing 8 unusual options operations. Among these operations, 25% of traders were bullish and 50% showed bearish trends. The options history included 6 put options valued at $189,283 and 2 call options valued at $83,475.
The big players in the market have been eyeing a price range of $150.0 to $225.0 for IBM based on volume and open interest in these contracts over the last quarter. Examining the volume and open interest provides crucial insights into stock research and helps measure the liquidity and interest levels of IBM options at certain strike prices.
The most important options detected for IBM included calls and puts with various trade types and feelings such as bullish, bearish, or neutral. These options had different expiration dates, ask and tender prices, and exercise prices, with varying levels of open interest and volume.
IBM is a company that covers all aspects of IT needs, selling software, IT services, consulting, and hardware. It operates globally, employs around 350,000 people, and serves a large number of customers, including Fortune 500 companies. IBM is known for its significant external impact, handling a large portion of credit card transactions worldwide and having a major role in wireless connections globally.
In the current market, IBM is trading at $170.78 with a volume of 1,843,325, experiencing a 1.68% drop. The RSI readings suggest a possible overbought situation, and the expected publication of results is in 55 days. Five market experts have issued ratings for IBM, with a consensus price target of $177.8. Analyst opinions vary, with some maintaining buy, market perform, or neutral ratings, while others have revised their ratings to underperform.
Options trading for IBM presents risks and rewards, requiring traders to stay informed, adapt their strategies, and monitor market movements. Real-time alerts from Benzinga Pro can help traders stay updated on the latest IBM options trades.
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https://www.benzinga.com/insights/options/24/05/38993905/ibm-unusual-options-activity-for-may-23