Market Whales and Their Recent Bets on IBM Options
Portfolio Pulse from Benzinga Insights
Recent options trading activity on IBM (NYSE:IBM) shows a bearish sentiment among large investors, with 50% of trades being bearish and only 25% bullish. Significant trades include both puts and calls, with a total of $849,575 in puts and $460,250 in calls. The trading volume and open interest suggest a focus on a price range between $100 and $200. IBM's stock is currently trading at $172.18, with an upcoming earnings announcement in 20 days.
June 27, 2024 | 4:03 pm
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Recent options trading activity on IBM shows a bearish sentiment among large investors, with 50% of trades being bearish and only 25% bullish. Significant trades include both puts and calls, with a total of $849,575 in puts and $460,250 in calls. The trading volume and open interest suggest a focus on a price range between $100 and $200.
The significant bearish sentiment among large investors, as indicated by the options trading activity, suggests a potential downward pressure on IBM's stock price in the short term. The focus on a price range between $100 and $200 further supports this outlook.
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