Financial giants have made a conspicuous bullish move on IBM ( IBM ). Our analysis of options history for IBM ( IBM ) revealed 25 unusual trades.

Delving into the details, we found 48% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $1,184,289, and 10 were calls, valued at $309,461.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $210.0 to $270.0 for IBM ( IBM ) during the past quarter.

Insights into Volume & Open Interest

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 $210.0 to $270.0 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 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 with the world.

In light of the recent options history for IBM ( IBM ), it's now appropriate to focus on the company itself. We aim to explore its current performance.

IBM's Current Market Status

With a volume of 2,082,116, the price of IBM ( IBM ) is down -0.73% at $223.16.

RSI indicators hint that the underlying stock may be approaching overbought.

Next earnings are expected to be released in 2 days.

Expert Opinions on IBM

5 market experts have recently issued ratings for this stock, with a consensus target price of $223.6.

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* An analyst from RBC Capital downgraded its action to Outperform with a price target of $250.

* An analyst from Bernstein persists with their Market Perform rating on IBM ( IBM ), maintaining a target price of $215.

* Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on IBM ( IBM ) with a target price of $260.

* An analyst from UBS persists with their Sell rating on IBM ( IBM ), maintaining a target price of $160.

* Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on IBM ( IBM ) with a target price of $233.

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 ( IBM ), Benzinga Pro gives you real-time options trades alerts.