IBM call volume above normal and directionally bullish
Bullish option flow detected in IBM with 24,295 calls trading, 3x expected, and implied vol increasing over 1 point to 12.93%. Feb-18 160 calls and Dec-17 157.5 calls are the most active options, with total volume in those strikes near 7,400 contracts. The Put/Call Ratio is 0.39. Earnings are expected on January 18th.