IBM Corp (NYSE:IBM) is expected to report Q2 EPS in mid-July. Cowen has a Neutral rating on IBM. IBM call option volume of 19,057 contracts compares to put volume of 38,211 contracts. IBM July option implied volatility is at 31; August is at 25. IBM average option implied volatility over the last 26-weeks is 27 according to Track Data, suggesting larger near term price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com










