A legacy tech stock is setting up for big gains ahead. How to trade it while hedging risk

Thursday was a quantum leap for IBM (pun intended), as the stock jumped over 12.5% higher due to a Government injection into the domestic quantum computing supply chain, adding about $26 billion to Big Blue's market cap. Similar to the manner that moved Intel dramatically higher after government intervention last year, I want to own more upside exposure in IBM by using options. The U.S. …