IBM (IBM) Offering Possible 11.36% Return Over the Next 36 Calendar Days

IBM's most recent trend suggests a bearish bias. One trading opportunity on IBM is a Bear Call Spread using a strike $150.00 short call and a strike $160.00 long call offers a potential 11.36% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $150.00 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $8.98 would be incurred if the stock rose above the $160.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for IBM is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for IBM is bearish.

The RSI indicator is at 62.87 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for IBM

IBM Board Approves Kyndryl Separation
Wed, 13 Oct 2021 10:26:49 +0000
American multinational technology company International Business Machines Corporation (IBM) announced that its Board of Directors has approved the long-pending separation of Kyndryl, IBM’s managed infrastructure service business. After the separation, IBM will focus on its core hybrid cloud and artificial intelligence (AI) solutions business. Following the news, shares sank 1.4%, closing at $140.47 on October 12. As per the terms, IBM shareholders will receive 80.1% of Kyndryl’s common stock on

IBM Commits to Skill 30 Million People Globally by 2030
Wed, 13 Oct 2021 09:00:00 +0000
IBM (NYSE: IBM) today unveiled a groundbreaking commitment and global plan to provide 30 million people of all ages with new skills needed for the jobs of tomorrow by 2030. To achieve this goal, IBM is announcing a clear roadmap with more than 170 new academic and industry partnerships. The effort will leverage IBM's existing programs and career building platforms to expand access to education and in-demand technical roles.

SAP Jumps as Sustained Cloud Growth Prompts Nudges Guidance up Again
Wed, 13 Oct 2021 05:34:48 +0000
ADRs of SAP (NYSE:SAP) were trading higher by more than 5% in Wednesday’s premarket as the company raised its annual outlook for the third time – albeit modestly –  on the back of sustained strength in its subscription business. In a preliminary update ahead of its full quarterly results, the enterprise software-maker now expects 2021 Cloud and software revenue at 24 billion euros ($27.84 billion) at center of the guidance range, up 3% from its previous estimate of 23.8 billion euro. Order backlogs for its Cloud services were up 24% at 8.17 billion euro, while backlogs for its flagship S/4HANA service were up 60% to 1.28 billion.

IBM Will Complete Its Spinoff of Kyndryl in November. What to Know.
Tue, 12 Oct 2021 23:14:00 +0000
The combined dividend of the two separate companies will be no less than IBM's pre-spinoff dividend, according to a filing.

International Business Machines Corp. (IBM): Hedge Funds In Wait-and-See Mode
Tue, 12 Oct 2021 15:12:27 +0000
We at Insider Monkey have gone over 873 13F filings that hedge funds and prominent investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of June 30th. In this article, we look at what those funds think of International Business Machines Corp. (NYSE:IBM) based on […]

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