IT
Gartner · Sep 17, 2026
$188.99
Shares
Prices as of 2:50 PM ET, Sep 17. Check the live quote before you send an order.
The put
Skip
Skip the put. The money looks good, but IT swings more than it pays. Want IT? Buy shares.
If it goes against you: you buy 100 shares at $165, which after the $240 you keep works out to $162.60 a share. Below $162.60 you are down on the trade. From that day the shares take above is the one that applies.
The order, if you sell it anyway
You get$240 (limit about $2.40)
If it fallsBuy 100 shares at $165
Cash to hold$16,500
Close earlyBuy back at about $2.40 ($240)
Chance you buy the sharesabout 16 in 100
ContractIT Oct 16 $165 put
ActionSell to open
In your broker app: open the stock → Trade → Options → Sell to open → pick the contract shown here.
Why skip
The put: Oct 16, $165 strike, 29 days out. Pays $240. Roughly a 16-in-100 chance you end up buying the shares.
On paper: 18% a year. That number assumes IT keeps moving like it did the past two years. Take that away and it is -18% a year. That is why we say skip.
Next earnings Nov 3, after this put ends. We never sell a put across a report.
If you already own 100 shares
Income call
For income on IT you already hold: sell the Oct 16 $220 call and take $222 now. If IT climbs to $220 by Oct 16, your 100 shares are sold at $220, so only do it if you're happy selling there.
If it climbs past $220 your 100 shares are sold at $220 and you keep the $222. That is the trade working, not a loss.
The call order
ActionSell to open
ContractIT Oct 16 $220 call
You get$222 (limit about $2.22)
If it climbsYour 100 shares sell at $220
Chance your shares are soldabout 16 in 100
After removing the trend-18% a year
First take on IT. Result Oct 16. See the record
Everyone sees the same card. It is not advice for you personally. You can lose more than you collect.
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