IBM Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been observed for IBM (NYSE:IBM), with 75% of investors opening trades with bearish expectations. The targeted price range for IBM over the last 3 months has been $120.0 to $155.0. The current price of IBM is $141.12, up 0.33%. Analysts have mixed opinions, with price targets ranging from $135 to $160.
August 18, 2023 | 7:15 pm
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Bearish options activity has been observed for IBM, indicating a potential downturn. Analysts have mixed opinions, with price targets ranging from $135 to $160.
The bearish options activity indicates that a significant number of investors are expecting IBM's stock price to decrease. This, combined with the mixed analyst ratings, suggests potential volatility and downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100