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IBM trade ideas

IBM Call SpreadI'm buying an IBM call Spread 150/160 Cost $3.01 max gain $6.99 Expiring September 20th. This looks like a good play, however if the market goes for a downturn this may push through it. I think AAPL earnings will be a reflection of the tariff against China we'll have to wait and see. Broke out of cup and handle, also OBV is rising and RSI is overbought however its printing a false signal I'll ignore it, it may trend sideways as it builds for a move higher. Downsides are it could be weighed down by poor earnings season. That could be the only way to lose this trade unless this moves sideways. Otherwise Risk/Reward = Green 7/10
NYSE:IBMLong
by Synaptic724
2
THE WEEK AHEAD: IBM, JNJ, NFLX EARNINGS; GDXJ, GLD, SLV, GDXEARNINGS IBM (54/26; Thursday), JNJ (56/23; Tuesday before market open), and NFLX (35/41; Wednesday after market close) announce earnings next week. Unfortunately, all of them have less than ideal metrics for a volatility contraction play (>70% rank/>50% implied), so I'm likely to pass on all of them. That being said: Pictured here is an IBM 130/135/150/155 iron condor in the August cycle paying 1.53, break evens at 133.47/151.53, and delta/theta metrics of -2.47/2.80. The rank/implied metrics aren't ideal here (<70%/<50%), which is probably why it's also paying less than my idea one-third the width of the wings in credit. I would pass on it if you can't get filled for 1.67 or greater ... . BROAD MARKET TLT (31/11) QQQ (8/17) IWM (7/15) SPY (6/12) EEM (3/16) EFA (5/10) Short-term, broad market premium selling is about as crappy as it can get here. Your options are to (a) wait for a pop in volatility; or (b) sell something farther out in time where the expiry implied is higher. I will probably opt for the latter if we don't get an uptick in volatility by July opex, since waiting can be unproductive, particularly if low volatility has infected the entire market and it becomes a "protracted thing." SECTOR EXCHANGE-TRADED FUNDS Premium selling opportunities are in gold and the miners for yet another week ... . Top 5 By Rank: GDXJ (73/34), GLD (72/15), SLV (70/20), GDX (45/28), and TLT (31/11). Metrically, the most "ideal" play is in GDXJ (exchange-traded fund ideals: >50% rank/>35% background), although we're getting somewhat short in duration for another play in the August cycle. There isn't a September expiry available yet (there will probably be one after July expires), so it might be worth a look at GDXJ next week should volatility hang in there for a September play. IRA TRADES Not doing a ton here beyond managing my covered calls post-opex. Stuff on my shopping list (XLU, XLP, HYG) has all ground higher along with the rest of the market, so I just have to patient for another one of those December style "sell everything" dips or a major uptick in volatility in those instruments.* Although I have "not a penny more" short puts on in HYG, both XLP and XLU are out of range of that kind of play, it seems, unless I want to go far out in time and get paid very little ... . * -- XLU (10/14), XLP (29/11), HYG (13/6).
NYSE:IBM
by NaughtyPines
5
IBM just doesn't appeal to investors, despite RED HAT Closure Despite the closure of the Red Hat deal in super quick time, it is difficult to see and change in sentiment towards Big Blue, it is still regarded as old tech which with the acquisition is just not the case. It may take a few earnings reports to get the attention of investors once again. Growth should be considerable in the next few quarters and while you wait for that to occur a healthy dividend will keep you happy. Technically the MACD and Histogram are turning bearish, just as the stock hits a strong long term downtrend. Volume is still modest. Momentum has been wavering for some time. Stochastic is downtrending and needs to reset. Long on break above trendline resistance on improved volume.
NYSE:IBM
by RedHotStocks
IBM 1D Potential Inverse Head & Shoulders setupIt appears that an Inverse Head & Shoulders Pattern may complete on the IBM 1 Day chart. If we pivot off a forming right shoulder pivot in the price range of $131-132. NYSE:IBM Spectro O is showing volume still moving in an upward direction, as well as the Spectro Ultimate Trend Analyzer shewing a solid beginning of an uptrend. The price range according to Spectro O is showing price sitting just below the median of the Murrey Scale, which is typically an area of the scale where a weak a small pullback/correction occurs before the price continues up the price scale. If playing from the right shoulder, employ a tight stop just below the shoulder point. The same can be said if you are waiting for a neckline confirmation to enter... stop just below the neckline, which is around $136.29. Analysis by AlchemistLA
NYSE:IBMLong
by hypester_trading