Whales with a lot of money to spend have taken a noticeably bullish stance on IBM ( IBM ).

Looking at options history for IBM ( IBM ) we detected 17 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 11% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $140,473 and 14, calls, for a total amount of $770,416.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $175.0 to $240.0 for IBM ( IBM ) over the recent three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of IBM ( IBM ) stands at 1456.17, with a total volume reaching 1,828.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in IBM ( IBM ), situated within the strike price corridor from $175.0 to $240.0, throughout the last 30 days.

IBM Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

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.

Having examined the options trading patterns of IBM ( IBM ), our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

IBM's Current Market Status

With a trading volume of 869,227, the price of IBM ( IBM ) is up by 0.02%, reaching $221.01.

Current RSI values indicate that the stock is may be overbought.

Next earnings report is scheduled for 28 days from now.

What Analysts Are Saying About IBM

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $192.5.

Unusual Options Activity Detected: Smart Money on the Move

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* An analyst from UBS has decided to maintain their Sell rating on IBM ( IBM ), which currently sits at a price target of $145.

* An analyst from Evercore ISI Group persists with their Outperform rating on IBM ( IBM ), maintaining a target price of $240.

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.