IBM Options Are Pricing a ±$12 Move Into August 7 — Positioning Points to the Middle

International Business Machines — IBM — heading into August 1, 2026. Shares closed at $223.05, and here's the headline: the options market is reading this stock as neutral heading into the August 7 expiration. Options pricing implies IBM lands somewhere between roughly $211 and $235 by Friday. The level that breaks this whole read is $215 — a close below there voids the analysis. On the other…

Read the full written analysis