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IBM options imply 6.5% move in share price post-earnings

IBM options imply 6.5% move in share price post-earnings

Pre-earnings options volume in IBM (IBM) is 1.8x normal with calls leading puts 2:1. Implied volatility suggests the market is anticipating a move near 6.5%, or $14.58, after results are released. Median move over the past eight quarters is 4.7%.

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