IBM International Business Machines Options Ahead of Earnings
If you haven`t bought the dip on IBM:
Then analyzing the options chain and the chart patterns of IBM International Business Machines prior to the earnings report this week, I would consider purchasing the 170usd strike price Puts with an expiration date of 2024-5-17, for a premium of approximately $2.29. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade fechado: objetivo atingido
IBM traded at $165.74 after earnings, and the Puts went up from $2.29 (when I wrote this article) to $5.60 at the close today (a lot higher intraday), for about 2.44X gain!
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