I'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...
Look at this BS, declining revenue and it still goes up.
In any case, I'm not shorting it here just because MSFT is reporting tonight. they always beat which means the Dow will gap up and take IBM with it. Don't really need to open a short position on a Friday, I think I'll reassess this on Monday.
Overbought with huge divergence.
POS filled the gap from the previous earnings, will more than likely suck again.
Not playing this one, do your own DD. Just wanted to remind followers of earnings report. Got a feeling NFLX and IBM will tank futures tomorrow after market close.
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...
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...
Hit gap resistance, I think this'll be a good one day play but I'm already shorting a DOW component and don't want to get too heavy into puts.
Should be weak up until earnings either way. Last one sucked.
In any case, do your own due diligence...
It 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.
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...