Mixed options sentiment in IBM (IBM), with shares up $9.22, or 3.1%, near $306.66. Options volume relatively light with 33k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.72. Implied volatility (IV30) dropped 1.08 near 29.5,and above the 52wk median, suggesting an expected daily move of $5.70. Put-call skew steepened, indicating increased demand for downside protection.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IBM:
- Quantum Computing News: SEALSQ, Quobly, and SkyWater Forge New Deals to Secure Quantum Chips and Scale Hybrid Systems
- IBM and Cisco Join Forces to Build a Quantum Internet
- IBM Jumps after Oppenheimer Assigns New Street-High Price Target
- Private Markets: Microsoft, Nvidia to invest in Anthropic
- Nvidia resumed, Palo Alto downgraded: Wall Street’s top analyst calls