This Is What Whales Are Betting On IBM
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on IBM, as observed through 12 uncommon options trades. The sentiment is split with 41% bullish and 50% bearish. The trades target a price range of $177.5 to $190.0. IBM's stock is currently down 0.36% at $183.5, with the next earnings report expected in 1 day.
July 23, 2024 | 3:16 pm
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Investors with significant capital have taken a bearish stance on IBM, as observed through 12 uncommon options trades. The sentiment is split with 41% bullish and 50% bearish. The trades target a price range of $177.5 to $190.0. IBM's stock is currently down 0.36% at $183.5, with the next earnings report expected in 1 day.
The significant bearish sentiment from high-capital investors, as indicated by the options trades, suggests a potential short-term decline in IBM's stock price. The split sentiment and the upcoming earnings report add to the uncertainty.
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