Big Blue has pulled back sharply after peaking just above a key high at 94.67 recorded in early November. This suggests another strong rally lies ahead. With the goal of legging into a calendar spread, let’s attempt to do the “buy” side first, bidding 2.15 for two April 100 calls (IBMDT). To come up with a price, I have extrapolated a target from an ABCD pattern in the calls themselves, not the underlying stock. _______ UPDATE: IBM took flight after having gone no lower than 90.16 in the opening minutes of the session. Because the April 100 calls traded no lower than 2.40, our order went unfilled. Cancel it for now.