IBM…has finally run the qtrly sell stops below 172.50.

The 7 FEB 175 Calls are trading @ 40 cents mid market.

This looks to be a cheap way to have some upside into mid-week.

This is a trade we caught last year from this very level.

Risk management is the name of the game.

You’d like to see a close over 173.60 today and then manage your risk against today’s low to see what you get.

Today’s low should be pivotal for 6-8 dollars either way.