IBM trade ideas
OPENING: IBM JULY 28TH 145/148/160/162.5 IRON CONDOR... for a 1.10 credit. It announces earnings today after market close.
Metrics:
Probability of Profit: 54%
Max Profit: $110/contract
Max Loss/Buying Power Effect: $190/contract
Break Evens: 146.90/161.10 (Wide of expected move, both sides)
Delta: .37
Theta: 6.08
Notes: The strikes were pesky on the call side. It was either go five-wide or 2 1/2 wide on the call side. I opted for going narrower, as long as I could keep my break evens outside the expected move. Will look to take profit at 50% max.
short ibm below 152.00I would strongly suggest shorting ibm below 152.00 with a stop at this stage of 152.65 and an initial target of
150.70. This stop may seem a little large but I have a ninety per cent success rate through my own propriety
method.This is just for information purposes.I will post more as I go so feel free to follow or contact me and
maybe when you are satisfied that I know what im doing ask me about taking a few trades with me.
Best Regards.