IBM trade ideas
IBM a good opportunityThe latest data has beaten the expectations of analysts
and is in oversell condition
it's a great opportunity to insert a large company in portfolio
can you buy IBM at 1997 prices!Yes, you can.... IBM transformation from a hardware company to software/cloud/Blockchain company will enrich your portfolio... first Target $209... second target $240...
IBM Head & ShouldersIBM completed a Head and Shoulders pattern on strong volume, indicating the downward trend is likely to continue. Given the downtrend has gone on for some time now, I would look for a small pullback before the stock's decline continues.
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: $190/contract
Break Evens: 146.90/161.10 (Wide of expected move, both sides)
Delta: .37
Theta: 6.08
Notes: The strikes were pesky on the call side. It was either go five-wide or 2 1/2 wide on the call side. I opted for going narrower, as long as I could keep my break evens outside the expected move. Will look to take profit at 50% max.
short ibm below 152.00I would strongly suggest shorting ibm below 152.00 with a stop at this stage of 152.65 and an initial target of
150.70. This stop may seem a little large but I have a ninety per cent success rate through my own propriety
method.This is just for information purposes.I will post more as I go so feel free to follow or contact me and
maybe when you are satisfied that I know what im doing ask me about taking a few trades with me.
Best Regards.
IBM: A better future ahead? Breakout confirmed over 154.26 in good volume, as expensive technology stocks continue to correct downward and the market continues to chase better value. IBM can now be purchased with a stop-loss at 150 and targets of 158/162/168/180. Blended reward-to-risk of 1.5x to 2.5x depending on where the momentum on the stock takes us. In the best case scenario of IBM reaching the top of the long term channel towards 175, the risk-reward becomes a compelling 4/1. Note that this breakout takes place just above the MA100 support on the weekly chart. Options strategy highlighted in related idea below still valid.
Long IBM by selling June Put Spread 150/140IBM has been pulled back form 184 for almost 30$. After the news of Buffet reduce 1/3 of his position, IBM gap down but start to bounce back. RSI and CMO both showed oversold signal. I would like to set up this position long IBM.
Position:
Credit Put Spread: -1x, June 150/140,
Premium: 1.2$
Break Even: 148.8$
PoP%: 75%
Target: 50% of the premium.
In case IBM continue going down, I am ready to be exercised and get IBM stocks with $148.8 per share.
Critical RSI points of contact for IBMWait until the solid green line on the RSI has been broken before entering. Success is more important than a few missed dollars.
If anyone has comments on the black trend lines please reach out to me. Open communication just makes us smarter
IBM monthly chart If history repeats itself, and if I am correct in liking how IBM is setting itself up , they should see a price dip below $140 by YE2016 then look for big rebound in early 2018 back above $175 at least. Its a long-term play, but if it sets up the its a nice gain.
