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Investors with a lot of money to spend have taken a bullish stance on IBM (NYSE:IBM).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with IBM, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 14 uncommon options trades for IBM.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 35%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $382,767, and 6 are calls, for a total amount of $239,122.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $200.0 for IBM during the past quarter.
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 $100.0 to $200.0 in the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
IBM | CALL | TRADE | BULLISH | 09/20/24 | $36.2 | $34.85 | $36.2 | $155.00 | $90.5K | 29 | 26 |
IBM | PUT | SWEEP | BEARISH | 10/18/24 | $8.0 | $7.85 | $7.99 | $195.00 | $63.9K | 574 | 82 |
IBM | PUT | TRADE | BEARISH | 10/18/24 | $8.0 | $7.8 | $7.92 | $195.00 | $59.4K | 574 | 157 |
IBM | PUT | SWEEP | BEARISH | 10/18/24 | $12.25 | $10.7 | $11.21 | $200.00 | $54.0K | 468 | 85 |
IBM | PUT | TRADE | BEARISH | 10/18/24 | $8.0 | $7.8 | $7.95 | $195.00 | $50.0K | 574 | 317 |
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.
In light of the recent options history for IBM, it's now appropriate to focus on the company itself. We aim to explore its current performance.
4 market experts have recently issued ratings for this stock, with a consensus target price of $206.5.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for IBM with Benzinga Pro for real-time alerts.
Posted In: IBM