Bullish option flow detected in IBM with 21,584 calls trading, 3x expected, and implied vol increasing over 1 point to 16.82%. 5/24 weekly 172.5 calls and 5/24 weekly 175 calls are the most active options, with total volume in those strikes near 7,000 contracts. The Put/Call Ratio is 0.15. Earnings are expected on July 24th.
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