Financial giants have made a conspicuous bullish move on IBM ( IBM ). Our analysis of options history for IBM ( IBM ) revealed 14 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 28% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $344,090, and 7 were calls, valued at $268,678.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $140.0 to $195.0 for IBM ( IBM ) during the past quarter.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for IBM ( IBM ) options trades today is 1372.27 with a total volume of 9,207.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for IBM's ( IBM ) big money trades within a strike price range of $140.0 to $195.0 over the last 30 days.

IBM Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About IBM

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 ( 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 ( IBM ) is a B2B company, IBM's ( IBM ) outward impact is substantial. For example, IBM ( IBM ) manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world.

Current Position of IBM

With a trading volume of 1,818,466, the price of IBM ( IBM ) is down by -0.39%, reaching $168.84.

Current RSI values indicate that the stock is may be approaching oversold.

Next earnings report is scheduled for 29 days from now.

Expert Opinions on IBM

1 market experts have recently issued ratings for this stock, with a consensus target price of $200.0.

Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $200.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest IBM ( IBM ) options trades with real-time alerts from Benzinga Pro.