http://www.marketwatch.com/story/ibm-is-shrinking-and-the-future-looks-ugly-2015-10-20?siteid=yhoof2 http://finance.yahoo.com/news/ibm-shares-hit-five-low-151904261.html http://finance.yahoo.com/video/trouble-ibm-161600113.html http://stockcharts.com/h-sc/ui?s=ibm Trade With IBM at 140.87 Apr 160/165 bear call spread for a net credit of $45 Yield = 45/455 = 9.9% in 178 days or 20.3% annualized prob = 78% Price............... Profit / Loss......... ROM % 105.00................... 45.00............... 9.90% 125.00................... 45.00............... 9.90% 145.00................... 45.00............... 9.90% 160.00................... 45.00............... 9.90% 160.45.................... 0.00................ 0.00% 165.00................ (455.00)........... -90.10% 170.00................ (455.00)........... -90.10% 185.00................ (455.00)........... -90.10% 200.00................ (455.00)........... -90.10% note: if you want to play long term bullishness in IBM the Jan '18 100 put is selling for $500
International Business Machines : Credit Suisse Reaffirms Underperform Rating http://www.bidnessetc.com/55540-int...-corp-ibm-credit-suisse-reaffirms-underperfo/