A Falling Off A Cliff Chart. I.B.M.
I.B.M. had a bad week. Here is how bad it was. Sometimes you see charts like this. It was down $74.89 on the week. What happened? The headlines said "I.B.M. just sent a warning to dividend investors". Something about it missing earnings forecasts because of an artificial-intelligence-related shift in it's customers spending. That is a new one that we don't hear very often. Which way is this stock going to now move? It's probably dumb to be chasing this when the outcome will most likely be all so random. Yet it is I.B.M. which for a long time was at the top of it's game. Let's share the experience together. Here is what the Calls and Puts nearest to what the stock is trading at are doing going into Monday morning's action. These are options that expire on Friday at the end of this week. Don't gasp and say that the premiums exorbitant? They are not. On a sliver of good news they could rebound twenty dollars. Something is happening in our markets. I...