Option traders moderately bearish in IBM with shares down 0.97%
Option traders moderately bearish in IBM (IBM), with shares down $2.96 near $303.18. Options volume relatively light with 28k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.41. Implied volatility (IV30) is higher by 0.1 points near 54.59, in the highest 10% of observations over the past year, suggesting an expected daily move of $10.43. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: IBM (IBM) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
Option traders moderately bearish in IBM (IBM), with shares down $2.96 near $303.18.
Options volume relatively light with 28k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.41.
Implied volatility (IV30) is higher by 0.1 points near 54.59, in the highest 10% of observations over the past year, suggesting an expected daily move of $10.43.
Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: IBM (IBM) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.