Short IBM/ BUY IBM 9/29/23 150 PUTS
There’s one stock that fund managers are panicking to be long as they view at as safe and AI at the same time, which is IBM! Big Blue is the one stock breaking out in mega-cap land today with huge volume. A true panic Burn Notice to just own IBM. I see the markets starting to weaken as the realization that no rate cuts are coming soon from the FED, and value will get hit next. IBM is also at a huge resistance level on our stockstotrade proprietary chart. 1 Star trade last half hour.
