Check Out What Whales Are Doing With IBM
Portfolio Pulse from Benzinga Insights
A large bearish position on IBM (NYSE:IBM) has been spotted on Benzinga's options scanner, with 69% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $100 to $155 for IBM over the last 3 months.
May 31, 2023 | 8:33 pm
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A large bearish position on IBM has been identified, with 69% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $100 to $155 for IBM over the last 3 months.
The large bearish position on IBM indicates that big-money traders are expecting the stock price to decline in the short term. This bearish sentiment, combined with the targeted price range of $100 to $155, suggests that there may be downward pressure on the stock price. The high relevance, importance, and confidence scores are due to the direct mention of IBM and the significant impact this news may have on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100