Looking At IBM's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on IBM (NYSE:IBM) has been observed in recent unusual options activity. The sentiment among big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $120.0 to $145.0 for IBM over the last 3 months. The price of IBM is currently up 2.89% at $139.39. Several financial institutions have downgraded their ratings on IBM, with price targets ranging from $135 to $162.
July 20, 2023 | 3:01 pm
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IBM has seen unusual options activity with a significant bearish sentiment. The stock price is currently up, but several financial institutions have downgraded their ratings on IBM.
The bearish sentiment observed in the unusual options activity indicates that investors are expecting the stock price to decrease. This, combined with the downgraded ratings from several financial institutions, could negatively impact the stock price in the short term.
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