MARKET SIGNAL$IBMIBMOpen live chart →
The options tape classified a large options trade in IBM with $4.68M of traded premium.
Structure$310.00 CALL
Expiration2028-01-21
Premium$4.68M
First leg contracts2,000
First leg price$23.40
First leg sentimentBULLISH
Why traders are watching
This classification comes from the actual option-event tape, including the execution pattern and strategy type, rather than being inferred from end-of-day chain volume.
What the data does not prove
A classified trade does not reveal the trader’s full portfolio, hedge, or final intent. Multi-leg sentiment can differ by leg and should not be reduced to a single directional claim.
Snapshot generated Aug 22, 2026 8:34 AM CDT. Market data and model estimates only, not investment advice.
