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Credit Spread of the Week: Tech Leader Looks to Bottom

by | May 5, 2024

IBM (IBM) shares are down 12% in the past month and last week bounced right on its 200-MA with a ton of support in the $159-$164 zone, also the 50% retracement level at $161. IBM has 10,000 June $155 short puts in open interest and 4400 January $170 ...

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