A Closer Look at IBM's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Recent options market activity for IBM (NYSE:IBM) indicates a bearish sentiment among big-money investors, with 37% of trades being bearish and 25% bullish. Significant trades include 4 puts totaling $242,399 and 4 calls totaling $120,238. The projected price targets range from $145 to $170. IBM's current stock price is $167.97, down by 0.68%. Analysts have mixed ratings with a consensus target price of $196.67.
June 14, 2024 | 3:16 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Recent options market activity for IBM shows a bearish sentiment among big-money investors, with 37% of trades being bearish and 25% bullish. Significant trades include 4 puts totaling $242,399 and 4 calls totaling $120,238. The projected price targets range from $145 to $170.
The significant bearish sentiment among big-money investors, as indicated by the options trades, suggests a potential short-term decline in IBM's stock price. The projected price targets and the current price drop further support this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100