Yeah, I hope it drops below $110. To me, this one is a long term "swing" trade. Remember about 5 years ago, they were under an SEC investigation on accounting principles? I was buying the stock just under $70 (I did not trade options back then)! Of course, big blue came out on top and I got to sell for just over $118 just to see it keep going up! LOL!
I want IBM down to $100 so I can ride again. This time, I'll load up on options with the stock itself. It's the safe bet to hedge the more risky day trades, IMO.
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