International Business Machines (IBM) is showing an implied volatility percentile of 99%, which means the current level of IV is higher than 99% of all other occurrences in the last 12 months. X When volatility is high, it can be a good time to be an option seller rather than a buyer. Part of the reason for the high volatility in IBM stock is because the company reports earnings on Friday before the market open. Option traders can take advantage of the high volatility by selling a strangle. This option trad ...