IBM Stock Plummets Over 25% After Q2 Revenue Miss
International Business Machines (IBM) experienced its largest single-day drop in over five decades after missing revenue expectations due to a decline in infrastructure sales. The stock fell more than $73, or about 25%, closing near $217 on July 14. Despite the sharp sell-off, options volatility has surged to historic levels.
Tickers: $IBM
Topics: IBM options trading stock drop volatility