Behind the Scenes of IBM's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading trends for IBM show a bearish sentiment among financial giants, with 50% of traders making bearish moves. The trading activity includes 18 put options valued at $1.3 million and 10 call options valued at $1.1 million. The predicted price range for IBM is between $170 and $270. Despite a recent price increase to $205.32, IBM's stock may be overbought, and an analyst from UBS maintains a Sell rating with a target price of $145.
September 10, 2024 | 8:46 pm
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IBM's options trading shows a bearish trend with 50% of traders bearish. The stock is currently priced at $205.32, but UBS maintains a Sell rating with a target of $145, indicating potential downside.
The article highlights a bearish sentiment in IBM's options trading, with more puts than calls and a significant portion of traders bearish. Additionally, an analyst maintains a Sell rating with a lower price target, suggesting potential downside.
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