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IBM Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bullish stance on IBM. Looking at options history for IBM (NYSE:IBM) we detected 19 strange trades.

Benzinga · 06/10/2022 14:55

A whale with a lot of money to spend has taken a noticeably bullish stance on IBM.

Looking at options history for IBM (NYSE:IBM) we detected 19 strange trades.

If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 47% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $451,016 and 12, calls, for a total amount of $1,156,787.

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 $80.0 to $150.0 for IBM over the last 3 months.

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 $80.0 to $150.0 in the last 30 days.

IBM Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
IBM CALL TRADE BULLISH 08/19/22 $135.00 $495.3K 956 724
IBM CALL SWEEP BULLISH 07/15/22 $135.00 $196.0K 1.8K 466
IBM PUT SWEEP BULLISH 06/16/23 $125.00 $106.6K 11 103
IBM CALL SWEEP BULLISH 06/17/22 $136.00 $100.0K 226 612
IBM PUT TRADE BEARISH 01/20/23 $140.00 $70.0K 808 53

Where Is IBM Standing Right Now?

  • With a volume of 2,702,162, the price of IBM is down -1.13% at $136.41.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 38 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.