Looking At IBM's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance on IBM (NYSE:IBM) has been observed in recent unusual options activity. The sentiment among these big-money traders is split between 72% bullish and 27% bearish. The whales have been targeting a price range from $100.0 to $175.0 for IBM over the last 3 months. Currently, IBM's price is up 1.78% at $134.1. Credit Suisse has downgraded its action to Outperform with a price target of $162.
June 29, 2023 | 4:39 pm
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IBM has seen significant bullish options activity, with a price target range of $100.0 to $175.0. The stock price is currently up 1.78% at $134.1. Credit Suisse has downgraded its action to Outperform with a price target of $162.
The unusual options activity indicates a bullish sentiment among big-money traders, which could potentially drive the stock price up in the short term. The downgrade by Credit Suisse to Outperform also suggests a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100