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Use the expected move for strike selection. Modify later.
Will IBM move up, down, or sideways?
Expiry • Jul 25
Bullish
Up
Neutral
Range
Bearish
Down
Max Loss
Max Gain
PoP
+265P / -270P / -315C / +320C • Jul 25
Modify Strikes
+265P / -290C / -290P / +315C • Jul 25