2nd Trade Update Oct 10th, 2013: With IBM bouncing 2.5% from Tuesday’s 20 month lows, the calls that I own (below) in next week expiration have appreciated by almost 50% in that same time period. …
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With IBM down almost 1.5% since opening an Oct weekly/regular call calendar (below) yesterday, I am going to cover the short leg of the spread that expires Friday and look to turn into a vertical …
Continue readingAbout a month ago we took a look at IBM and determined that the technical set up, the current fundamentals, the commentary from peers and most importantly the sentiment might have been so bad that …
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