Whales with a lot of money to spend have taken a noticeably bullish stance on IBM.
Looking at options history for IBM (NYSE:IBM) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $453,701 and 16, calls, for a total amount of $992,466.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $120.0 to $320.0 for IBM over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $120.0 to $320.0 in the last 30 days.
IBM Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IBM | PUT | TRADE | BULLISH | 01/17/25 | $2.55 | $2.43 | $2.45 | $220.00 | $242.5K | 2.8K | 996 |
| IBM | CALL | SWEEP | BULLISH | 06/20/25 | $18.75 | $18.4 | $18.75 | $230.00 | $181.8K | 2.1K | 97 |
| IBM | CALL | TRADE | BULLISH | 04/17/25 | $47.15 | $46.15 | $46.87 | $185.00 | $159.3K | 121 | 34 |
| IBM | CALL | SWEEP | BULLISH | 01/16/26 | $4.6 | $4.35 | $4.4 | $320.00 | $126.6K | 346 | 289 |
| IBM | CALL | TRADE | NEUTRAL | 01/15/27 | $112.95 | $109.35 | $110.85 | $120.00 | $55.4K | 10 | 5 |
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.
Where Is IBM Standing Right Now? Trading volume stands at 1,486,481, with IBM's price down by -0.24%, positioned at $228.77. RSI indicators show the stock to be may be approaching overbought. Earnings announcement expected in 36 days. What Analysts Are Saying About IBM
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $222.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on IBM, which currently sits at a price target of $222.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for IBM, Benzinga Pro gives you real-time options trades alerts.
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