Mixed options sentiment in IBM (IBM), with shares up $4.62, or 1.88%, near $249.90. Options volume relatively light with 21k contracts traded and calls leading puts for a put/call ratio of 0.9, compared to a typical level near 2.43. Implied volatility (IV30) dropped 0.64 near 36.62,and above the 52wk median, suggesting an expected daily move of $5.76. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Neutral at UBS.
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