Traders think this legacy tech stock is the ultimate quantum play
Traders are increasingly interested in IBM following a significant government grant aimed at supporting quantum computing. The stock has seen a surge in options trading, with calls significantly outpacing puts. This trend mirrors the recent recovery of Intel, which also benefited from government support.
- ▪IBM is set to receive $1 billion from the U.S. Commerce Department for quantum computing.
- ▪Options traders have been highly active, trading almost 200,000 contracts, which is 15 times the daily average.
- ▪Calls on IBM outnumbered puts nearly 8:1, indicating strong bullish sentiment.
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| Original publisher | CNBC — Top |
| Canonical URL | https://www.cnbc.com/2026/05/21/traders-think-this-legacy-tech-stock-is-the-ultimate-quantum-play.html |
| Publication time | Thu, 21 May 2026 18:42:49 GMT |
| Retrieval time | 2026-05-21T18:51:35.668Z |
| Last seen | 2026-05-21T18:51:35.668Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
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| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
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| Cluster | RCc9pAWOkY35 |
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| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
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| Commercial reuse | May the content be reused commercially? | Not permitted |
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Opening excerpt (first ~120 words) tap to expand
If there're two things traders love right now, they are cutting-edge tech and an all-American comeback story. Throw in some help from the U.S. government, and it's been a recipe for success.That could explain why traders are pouring into options on IBM after news the Armonk, New York-based juggernaut stands to receive $1 billion from the U.S. Commerce Department, the biggest recipient of a series of grants to support quantum computing.Options traders stormed into the stock, trading almost 200,000 contracts, on pace for 15 times the daily average of the past 30 days, according to data from Cboe's LiveVol. Calls outpaced puts nearly 8:1.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Top.
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