IBM's second-quarter earnings report has just hit the wires and the stock has dropped over 3.25% in after-hours trading. Revenue was below analysts' consensus at $23.7 Bil, while EPS came in at $2.61 per share. I published my estimates for the Tech Giant on June 15th and advised my readers to "Buy Puts" just before today's market close. Once again, it appears that another Trading Recommendation has been proven accurate. If the stock opens tomorrow's session at it's current after-market price, those who followed my advice would incur a gain on their option position of approximately 30%.
IBM's Q2 Earnings Report
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Disclaimer:
· At the time of publication, I do not have any open positions.
· Opinions, estimates and projections contained in this report are of the author as of the date published and are subject to change without notice.
· This report is not, nor should it be construed as, an offer to sell or solicitation of an offer to buy any securities.
· Unless otherwise noted, all research reports provide information of a general nature and do not address the circumstances of any particular investor.
· It is important to do your own due diligence on any position you enter.
IBM's Q2 Earnings Report
If you are not already a Follower, be sure to click the "Follow" button in the right portion of your screen so you can catch all of my new posts as soon as they're released!
Disclaimer:
· At the time of publication, I do not have any open positions.
· Opinions, estimates and projections contained in this report are of the author as of the date published and are subject to change without notice.
· This report is not, nor should it be construed as, an offer to sell or solicitation of an offer to buy any securities.
· Unless otherwise noted, all research reports provide information of a general nature and do not address the circumstances of any particular investor.
· It is important to do your own due diligence on any position you enter.
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