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Behind the Scenes of IBM’s Latest Options Trends

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Financial giants have made a conspicuous bullish move on IBM. Our analysis of options history for IBM (NYSE:IBM) revealed 11 unusual trades.

Delving into the details, we found 54% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $141,091, and 7 were calls, valued at $312,102.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $135.0 and $180.0 for IBM, spanning the last three months.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in IBM’s options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to IBM’s substantial trades, within a strike price spectrum from $135.0 to $180.0 over the preceding 30 days.

IBM Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
IBM CALL SWEEP BULLISH 05/24/24 $1.04 $0.97 $1.02 $170.00 $90.4K 1.5K 982
IBM PUT SWEEP BEARISH 05/24/24 $4.85 $4.7 $4.77 $172.50 $47.9K 14 100
IBM CALL TRADE BULLISH 08/16/24 $7.15 $7.05 $7.15 $170.00 $40.7K 0 75
IBM CALL TRADE NEUTRAL 06/20/25 $39.3 $38.3 $38.87 $135.00 $38.8K 27 20
IBM CALL TRADE BEARISH 06/20/25 $40.55 $37.6 $38.77 $135.00 $38.7K 27 10

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

After a thorough review of the options trading surrounding IBM, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is IBM Standing…

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