Deep-pocketed investors have adopted a bearish approach towards IBM ( IBM ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in IBM ( IBM ) usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 20 extraordinary options activities for IBM ( IBM ). This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 45% leaning bullish and 50% bearish. Among these notable options, 7 are puts, totaling $312,219, and 13 are calls, amounting to $655,846.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $190.0 to $275.0 for IBM ( IBM ) during the past quarter.

Volume & Open Interest Trends

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 ( IBM ) 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 ( IBM ) whale trades within a strike price range from $190.0 to $275.0 in the last 30 days.

IBM Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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.

Following our analysis of the options activities associated with IBM ( IBM ), we pivot to a closer look at the company's own performance.

Current Position of IBM

Currently trading with a volume of 1,329,054, the IBM's ( IBM ) price is up by 0.12%, now at $232.52.

RSI readings suggest the stock is currently may be approaching overbought.

Anticipated earnings release is in 0 days.

Professional Analyst Ratings for IBM

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $241.6.

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* An analyst from Goldman Sachs persists with their Buy rating on IBM ( IBM ), maintaining a target price of $250.

* An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on IBM ( IBM ), which currently sits at a price target of $217.

* Maintaining their stance, an analyst from Jefferies continues to hold a Hold rating for IBM ( IBM ), targeting a price of $245.

* An analyst from Stifel persists with their Buy rating on IBM ( IBM ), maintaining a target price of $246.

* An analyst from RBC Capital has decided to maintain their Outperform rating on IBM ( IBM ), which currently sits at a price target of $250.

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.