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 overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range from $100.0 to $155.0 for IBM over the last 3 months. The current price of IBM is up 0.79% at $146.55. Analysts have mixed ratings on IBM with price targets ranging from $130 to $179.
November 02, 2023 | 8:30 pm
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IBM has seen unusual options activity with a significant bearish stance. The sentiment of big-money traders is split between 46% bullish and 53% bearish. Analysts have mixed ratings on IBM.
The bearish stance in the options activity indicates that traders are expecting the price of IBM to decrease. This, combined with the mixed analyst ratings, could lead to increased volatility and potential downward pressure on the stock in the short term.
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