IBM Stock Pops on Quantum Deal with Cisco Systems

Core Insights - IBM Corp is collaborating with Cisco Systems to develop a network of large-scale, fault-tolerant quantum computers, aiming to provide a proof-of-concept within five years and complete the project by early next decade [1] Stock Performance - IBM shares have increased by 2.9%, reaching $296.81, following the announcement of the partnership with Cisco [1] - The stock recently experienced a pullback from its record high of $324.90 on November 12, but is up 35.2% year-to-date [2] Options Trading Activity - There has been a notable increase in put trading activity for IBM, with a 10-day put/call volume ratio of 0.91, ranking higher than 90% of readings from the past year [3] - Despite the increase in put activity, call options are still more prevalent in absolute terms, indicating a mixed sentiment among options traders [3] - IBM has a Schaeffer's Volatility Scorecard (SVS) of 93 out of 100, suggesting that the company tends to outperform options traders' volatility expectations [3]