IBM surprised the market with an early earnings pre-release this morning, and the stock got hammered. Scott Bauer saw an opportunity in the chaos and walked through exactly how he positioned around it using a trade structure he rarely deploys.
Scott covers:
- Why IBM’s surprise earnings pre-release created a rare implied volatility setup worth acting on
- The 18-month support level that gave Scott the confidence to put this trade on
- How he structured a skewed iron condor with different widths on each side to collect a massive credit
- Why this trade carries zero risk to the upside and exactly where the risk lives on the downside





