IBM (IBM) Offering Possible 40.45% Return Over the Next 21 Calendar Days

IBM's most recent trend suggests a bullish bias. One trading opportunity on IBM is a Bull Put Spread using a strike $137.00 short put and a strike $132.00 long put offers a potential 40.45% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $137.00 by expiration. The full premium credit of $1.44 would be kept by the premium seller. The risk of $3.56 would be incurred if the stock dropped below the $132.00 long put strike price.

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

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

The RSI indicator is at 76.12 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

Crypto News: JPMorgan to Start Trials, IBM Launches New Enterprise Blockchain Platform
Wed, 26 Jun 2019 22:00:00 +0000
The heavyweights are entering the crypto arena.

Exclusive: China hacked eight major computer services firms in years-long attack
Wed, 26 Jun 2019 11:01:34 +0000
Hackers working for China's Ministry of State Security broke into networks of eight of the world's biggest technology service providers in an effort to steal commercial secrets from their clients, according to sources familiar with the attacks. Reuters today reported extensive new details about the global hacking campaign, known as Cloud Hopper and attributed to China by the United States and its Western allies. A U.S. indictment in December outlined an elaborate operation to steal Western intellectual property in order to advance China's economic interests but stopped short of naming victim companies.

DOD Tech Chief Prepares for `JEDI' Cloud Amid Court Battle
Tue, 25 Jun 2019 22:39:55 +0000
(Bloomberg) — The Pentagon is preparing for the rollout of its controversial cloud services program even though the requirements of the $10 billion contract are still being challenged in court by Oracle Corp.Dana Deasy, the Pentagon’s chief information officer, asked department leaders for recommendations about how they plan to use the contract and told them not to initiate any other cloud agreements without his consent, according to a copy of the memo obtained by Bloomberg News.Deasy sent the memo dated May 20 to a wide range of Pentagon officials outlining guidance for the “fourth estate” — the Defense Department agencies that provide human resources, services contracting and other support services to the military — to identify technology programs that could be transitioned to the Joint Enterprise Defense Infrastructure cloud, or JEDI, and to a preexisting cloud program called milCloud 2.0.The memo sheds insight on how the Defense Department is moving ahead with implementation of the JEDI cloud program even while a legal dispute raises questions about the contract’s terms. Asked whether the Pentagon’s choice for the JEDI award is contingent on a decision in the Oracle lawsuit, Deasy told a group of reporters at a breakfast on Tuesday that “they are two disconnected events.”He added that the JEDI award will likely be decided “sometime toward the end of August.”Deasy’s memo also said that departments that have already gained approval to migrate data to other computing storage centers may continue, but must “evaluate JEDI as the General Purpose cloud solution at the end of the period of performance.” The memo also contained a list of more than 50 expected data center closings. The Defense Department has said JEDI should become the department’s general-purpose cloud to store the “majority of systems and applications.Defense Department spokeswoman Elissa Smith confirmed the authenticity of the memo and added that the Air Force, Army, and Navy have also “begun identifying and prioritizing programs and migrations to JEDI.”Deasy said Tuesday that over the last six months his team has contacted U.S. regional commanders, such as the U.S. Central Command, for a series of “cloud-awareness sessions.”“There is a significant amount of pent-up demand just waiting to use the capability once it comes online,” Deasy said. The U.S. Transportation Command that’s in charge of maritime, aviation and land transport has developed a set of tasks they want to migrate to the Jedi Cloud “as soon as that contract is awarded.”Contested ContractThe contract has been contested by Oracle, which the Pentagon eliminated from the bidding in April along with International Business Machines Corp. for not meeting minimum criteria. That move left Amazon.com Inc. and Microsoft Corp. as the last remaining competitors.Oracle filed a lawsuit in December in the U.S. Court of Federal Claims alleging that the Pentagon crafted overly narrow contract requirements and failed to investigate relationships between former Defense Department employees and Amazon. In May, Oracle filed an amended complaint alleging that Amazon offered two former Pentagon employees jobs while they were working on the contract.The Government Accountability Office and an internal Pentagon investigation determined the conflict of interest allegations didn’t compromise the integrity of the procurement. Oral arguments in the court case are expected to occur in July.(Adds that a lawsuit raises questions about the contract's terms in fourth paragrah. The full name of JEDI was corrected in a previous version of the story.)To contact the reporters on this story: Naomi Nix in Washington at nnix1@bloomberg.net;Tony Capaccio in Washington at acapaccio@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Larry LiebertFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Tech Giants Lose Out on Business Opportunities Amid Trade Tiff
Tue, 25 Jun 2019 13:43:01 +0000
Trade-war is taking a toll on technology stocks' financial performance as the companies lose out on significant business opportunities.

3 Reasons Bitcoin Is Fundamentally Flawed as an Investment
Tue, 25 Jun 2019 10:06:00 +0000
The world's most popular cryptocurrency just surpassed $11,000, but inherent flaws make it a terrible long-term investment.

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