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IBM

IBM - Weekly Swing Trade1. IBM has moved up nicely after bottom in 1Q 2016. Prices exceeded the weekly 200sma for the first time in 18mths and have reached a Measured Move target around $184. 2. Prices are due for a 10bar/2 leg retracement or consolidation before continuing upward to test $190-$200. 3. Continue to watch the pullback and look for an entry near the Breakout level of $170, which also coincides with the 200sma support. 4. I will update with the options play as we get closer to an entry. 5. Prices have clean trend, respect for 34EMA and an RSI that peaked cleaning with price convergence. Good looking potential setup.
NYSE:IBMLong
by TradingBandito06
$IBM Slam Down Coming, Check Out This Chart...Shares of International Business Machines Corp. (NYSE:IBM) are on the verge of a sharp fall based on the stock hammering into not one, but two trend line resistance points. This can clearly be seen on the stock chart below and is a warning to investors to sell their long positions and maybe even short the stock into year end. January might be ugly for IBM. The pull back level is likely $155.00 from its current $166.99 in January 2017 alone.
NYSE:IBMShort
by jenny_rebekka
IBM: Earnings out tomorrowLet's monitor IBM here, after earnings we might a drop down to support, where it can be an attractive long. We have to wait one day more after earnings are out, to trade it, but we can already label the key levels on chart, and determine what our bias is going into the report, and what fundamentals tell us. I like IBM here, specially if it drops lower, with 8.5% earnings yield and a 6.6% free cash flow yield, growth opportunities are around the corner for IBM. Revenues have been down, but technicals favor uptrend continuation in the monthly chart, specially if we manage to break above the downtrend mode to the left soon. Good luck, Ivan Labrie.
NYSE:IBMLong
by IvanLabrie
2
THE WEEK OF 10/16: WHAT I'M LOOKING ATWhile I grind away on various covered call positions (I only have one covered call with an October short call on; the rest are in November or December), I'm looking ahead to some decent earnings for premium selling. Generally, I'm looking for underlyings whose implied volatility is above the 70th percentile for the past 52 weeks and that have background implied volatility of greater than 50% to play for a contraction in volatility immediately following the earnings announcement, with the go-to strategies being short strangles or iron condors. Currently, there are four underlyings with good liquidity options that announce earnings next week and whose volatility is above the 60th percentile for the preceding 52 weeks: IBM, NFLX, UA, and EBAY. I'm screening for >60 implied volatility rank at this point, since volatility in these could still ramp up to my >70%, meaning that they might be worth keeping an eye on. IBM -- Announces 10/17 after market close. The implied volatility rank is now in the 85th percentile. Unfortunately, the background implied volatility is far from being up to snuff at this point for me (28.3%). NFLX -- Announces 10/17 after market close. Implied vol rank: 64th percentile; implied volatility 56.6%. It's very nearly "there". Hopefully implied volatility pops a little more right before earnings. UA -- Announces 10/17 after market close. Rank: 62; implied vol 41.7%. Needs more. EBAY -- Announces 10/19 after market close. Rank: 93; implied vol 41.6%. Needs more. After I look at implied volatility percentile and the background implied volatility, I look at what I can get out of a setup. Generally, I'm shooting for a 1.00 credit for either a short strangle or iron condor, since I look to take these off at 50% max profit (i.e., a .50 ($50)/contract profit). Alternatively, I look at whether a short straddle or iron fly would make sense if the underlying is just too cheap to yield a decent enough credit. With short straddles/iron flies, I generally look to get 2.00 in credit at the outset, since I tend to manage those at 25% max.
NYSE:IBM
by NaughtyPines