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IBM Corporation (IBM) reported Good free cash flow results last week for Q1, including high FCF margins. Given its apparent cheapness, is it time to buy IBM stock now? One way to play this is to short out-of-the-money put options.
IBM is at $232.93 in midday trading on Monday, April 28. That is up from its recent lows but still off its 6-month peak of $264.74 on Feb. 20.