Reading the market regime before prices move
Reading the market regime before prices move
Every number here is computed from the traded IBM options chain. The call wall is where dealer hedging accumulates above spot and caps upside, the put wall is its mirror below, and the gamma flip is the level where hedging stops damping moves and starts amplifying them.
Computed
Earnings Oct 21, 2026 after the close · the market prices a ±6.31% move ($235.59 to $267.33) · its median actual move over the last 16 reports was ±5.00%.
Last completed session, from the Finviro engine close archive · today's session levels refresh every five minutes inside the platform.
Price moves between these levels whether you see them or not. The difference is knowing them before your decision, not after.
You can check SPY, QQQ, NVDA in full right now, with no subscription.
International Business Machines Corporation is a company in the Technology sector, listed on the New York Stock Exchange since 1915, with a market value of about $213.99B. It is led by Arvind Krishna and has about 264,300 employees.
International Business Machines Corporation (IBM) delivers comprehensive technology solutions and services across the globe. The company's operations are structured into four primary segments: Software, Consulting, Infrastructure, and Financing. The Software division provides hybrid cloud platforms and a range of software offerings, including Red Hat's enterprise open-source solutions. It also develops software for…
Its beta is 0.72: the stock is usually calmer than the broad market, so its moves are narrower than the index.
On the price was $249.01, above its 50-day simple average (DMA-50 at $232.13) by 7.3%, and below its 200-day average (DMA-200 at $251.14) by 0.8%. Below the 200-day and above the 50-day: the long trend is down and the near-term move is improving.
Revenue was $67.54B in fiscal year 2025, against $57.35B in 2021, a change of +18% over 4 years.
Out of every $100 of revenue, about $16 is left as net income after all costs and taxes, so the net margin is 16%.
Earnings per share were $11.36 in 2025, against $6.41 in 2021.
Free cash flow was $12.1B: the cash left after spending on operations and investment, which funds dividends and buybacks.
Debt to equity is 3.65: the higher it is, the more the company relies on borrowing.
These numbers describe the company's size and profitability and change slowly, while gamma levels describe how the stock moves within the session.
