MarketPR

IBM falls 25% in a single session, shedding over $73 to approximately $217

7/20/2026

IBM (IBM) posted a roughly 25% single-session decline, shedding just over $73 to land near $217.

The severity of that drop has pulled options market participants into the conversation, with the post-crash positioning setup described as unique.

The print A 25% single-day loss is an exceptional event for a large-cap stock. IBM's session erased more than $73 in per-share value, with the stock settling near $217.

Moves of that scale tend to reset the assumptions traders carry about volatility, near-term support levels, and how the options market prices forward risk.