Quantchabot has detected a new Bull Call Spread trade opportunity for INTERNATIONAL BUSINESS MACHINES (IBM) for the 17-Jul-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
IBM was recently trading at $242.50 and has an implied volatility of 35.28% for this period. Based on an analysis of the options available for IBM expiring on 17-Jul-2026, there is a 34.17% likelihood that the underlying will close within the analyzed range of $243.93-$280.66 at expiration. In this scenario, the average linear return for the trade would be 10.99%.
Big 7.78% Change: After closing the last trading session at $225.00, INTERNATIONAL BUSINESS MACHINES opened today at $232.58 and has reached a high of $243.10.
Trade approach: A movement as big as 7.78% is a significantly bullish indicator, so this trade is designed to be profitable if IBM maintains its current direction and does not revert back to pricing on the bearish side of $242.50 on 17-Jul-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if INTERNATIONAL BUSINESS MACHINES closes at or above $232.10 on 17-Jul-2026. Based on our risk-neutral analysis, there is a 63.86% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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