IBM Unusual Options Activity For June 02
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on IBM, with 57% of detected unusual options activity being bearish. Whales have been targeting a price range of $120 to $150 for IBM over the last 3 months. The stock is currently up 2.36% at $132.89, and RSI indicators suggest it may be overbought.
June 02, 2023 | 5:45 pm
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Unusual options activity detected for IBM, with a bearish stance taken by a whale. The stock is up 2.36% at $132.89, and RSI indicators suggest it may be overbought.
The bearish stance taken by a whale in IBM options indicates a potential downward pressure on the stock price in the short term. Additionally, the RSI indicators suggesting the stock may be overbought further supports the likelihood of a price decline.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100