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IBM Unusual Options Activity

Benzinga logo Benzinga 12/5/2022 Benzinga Insights

Someone with a lot of money to spend has taken a bearish stance on IBM (NYSE:IBM).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with IBM, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 10 options trades for IBM.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $39,105, and 9, calls, for a total amount of $862,286..

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 $130.0 to $180.0 for IBM over the last 3 months.

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Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $130.0 to $180.0 in the last 30 days.

IBM Option Volume And Open Interest Over Last 30 Days

Options Call Chart © Provided by Benzinga Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
IBM CALL SWEEP BULLISH 01/20/23 $130.00 $370.2K 7.5K 187
IBM CALL SWEEP BULLISH 01/20/23 $130.00 $185.5K 7.5K 281
IBM CALL SWEEP BEARISH 03/17/23 $155.00 $82.5K 1.0K 181
IBM CALL SWEEP BULLISH 01/20/23 $130.00 $65.3K 7.5K 314
IBM CALL SWEEP BEARISH 03/17/23 $155.00 $41.3K 1.0K 272

Where Is IBM Standing Right Now?

With a volume of 514,303, the price of IBM is down -0.13% at $148.48. RSI indicators hint that the underlying stock may be overbought. Next earnings are expected to be released in 51 days.

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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