IBM Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for IBM, with a bearish stance taken by a large investor. Benzinga's options scanner spotted 11 options trades for IBM, with sentiment split between 36% bullish and 63% bearish. 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 up 0.53% at $144.09, with RSI indicators suggesting the stock may be overbought. Analysts have mixed ratings on IBM, with price targets ranging from $135 to $160.
August 04, 2023 | 11:50 am
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IBM has seen unusual options activity, with a large investor taking a bearish stance. The stock is currently up 0.53% at $144.09, with RSI indicators suggesting it may be overbought. Analysts have mixed ratings on IBM, with price targets ranging from $135 to $160.
The unusual options activity, particularly the bearish stance taken by a large investor, suggests that there may be negative sentiment towards IBM. This could potentially impact the stock price in the short term. Additionally, the RSI indicators suggest that the stock may be overbought, which could lead to a price correction. The mixed analyst ratings also add to the uncertainty around the stock's future performance.
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IMPORTANCE 80
RELEVANCE 100