Extreme IBM put option gains of nearly 150,000% highlight market volatility

A Reddit user reports unprecedented gains on IBM 07/17 245P puts, with one contract worth $2 surging to $3,000 and another $40 position turning into $30,000. The post compares the event to the SPY 0dte call spike after the 90-day tariff pause tweet in April 2023.

Why it matters: The user encourages traders to seek opportunities during periods of high volatility.