Tour v290
IBM
IBM CORP
$289.52 +1.14%
$287.80 (-0.59%)🌙
as of 07/02 06:34 PM
(7/1 18:35) ◀
|
Thursday, July 2, 2026 (6:34pm)
January 2026
|
▶ (7/6 18:34)
◀ 7/2 18:34 ▶

Option Volume

Detail
ℹ
Current (07/02) 59,312
Calls: 44,032 (74%)
Puts: 15,280 (26%)
Prior (07/01) 106,759
Calls: 87,475 (82%)
Puts: 19,284 (18%)
Current vs Prior -44.44%
Calls: -49.66% (Calls)
Puts: -20.76% (Puts)
Prior 7-Day Total 729,607
Calls: 609,068 (83%)
Puts: 120,539 (17%)
Prior 7-Day Average 104,229
Calls: 87,009 (83%)
Puts: 17,219 (17%)
Current vs Prior 7-Day Avg -43.09%
Calls: -49.39%
Puts: -11.27%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/02) $45.41M
Calls: $33.27M (73%)
Puts: $12.14M (27%)
Prior (07/01) $81.01M
Calls: $64.33M (79%)
Puts: $16.67M (21%)
Current vs Prior -43.95%
Calls: -48.29%
Puts: -27.21%
Prior 7-Day Total $440.71M
Calls: $353.56M (80%)
Puts: $87.14M (20%)
Prior 7-Day Average $62.96M
Calls: $50.51M (80%)
Puts: $12.45M (20%)
Current vs Prior 7-Day Avg -27.88%
Calls: -34.13%
Puts: -2.51%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/02) 0.35
Prior (07/01) 0.22
Current vs Prior +57.41%
Prior 7-Day Average 0.23
Current vs Prior 7-Day Avg +51.70%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/02) 411,543
Calls: 272,506 (66%)
Puts: 139,037 (34%)
Prior (07/01) 427,940
Calls: 287,213 (67%)
Puts: 140,727 (33%)
Current vs Prior -3.83%
Prior 7-Day Total 2,915,246
Calls: 1,939,168 (67%)
Puts: 956,254 (33%)
Prior 7-Day Average 416,463
Calls: 277,024 (67%)
Puts: 136,607 (33%)
Current vs Prior 7-Day Avg -1.18%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/02) | Next (07/10)Expiry (07/17) | Next (08/21)
Current 0.93% | 5.55%7.83% | 15.67%
Prior 2.57% | 5.67%-- | --
Current vs Prior +116.01% | +38.04%-- | --
Prior 7-Day Avg 3.61% | 6.06%-- | --
Current vs 7-Day Avg +53.88% | +29.14%-- | --
Prior 7-Day Eod 2.57% | 5.67%-- | --
Current vs 7-Day Eod +116.01% | +38.04%-- | --
Sentiment BEARISH--

Relative Spread

Detail
ℹ
Expiry | Next
Current 39.77% | 29.09%
Calls: 30.77% | 24.57%
Puts: 48.78% | 33.62%
Prior 39.77% | 29.09%
Calls: 30.77% | 24.57%
Puts: 48.78% | 33.62%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 29.88% | 22.24%
Calls: 22.80% | 19.20%
Puts: 33.67% | 23.01%
Current vs 7-Day Avg +33.09% | +30.78%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 73% call dollar volume ($33.27M). Below-average activity with volume down 44% vs prior. Extreme bullish P/C ratio of 0.35 - heavy call buying (44,032 calls vs 15,280 puts). P/C ratio rising 57% - increased hedging/bearish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 62 of results (avg 7.3%, best 3.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$232.50Jul 255.0557.25$56.153.9%20.95--
$310.00Jul 173.203.35$3.284.6%2730.232.4K
$240.00Jul 247.5549.80$48.684.6%11.00330
$235.00Jul 252.5555.10$53.834.7%71.00--
$240.00Jul 1748.1050.50$49.304.9%20.95--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$325.00Jul 1736.4538.55$37.505.6%10.89--
$330.00Jul 1740.6043.25$41.936.3%310.91419
$320.00Jul 2435.0537.85$36.457.7%100.74--
$315.00Jul 1727.2529.55$28.408.1%10.82--
$285.00Jul 3114.9016.25$15.588.7%20.43--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.71, cheapest $0.53)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$322.50Jul 100.480.58$0.5318.9%1260.064
$320.00Jul 100.590.69$0.6415.6%1960.07320
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$265.00Jul 100.881.05$0.9717.5%1020.10274

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 105 found (avg delta 0.81, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Jul 252.5555.10$53.834.7%71.00--
$240.00Jul 247.5549.80$48.684.6%11.00330
$242.50Jul 245.0547.60$46.335.5%21.00--
$245.00Jul 242.5545.00$43.785.6%31.00--
$247.50Jul 240.0542.25$41.155.3%11.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$302.50Jul 212.7014.95$13.8316.3%120.9912
$297.50Jul 27.659.95$8.8026.1%20.99--
$300.00Jul 210.1012.45$11.2720.9%50.9961
$295.00Jul 25.007.45$6.2339.3%150.99114
$292.50Jul 22.874.95$3.9153.2%40.99--

Most actively traded options today. High liquidity = easy entry/exit. 279 active (total vol 44.1K, top 5.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$295.00Jul 20.000.01$0.01100.0%5.9K0.012.6K
$290.00Jul 20.010.09$0.05160.0%4.2K0.131.7K
$300.00Jul 175.555.95$5.757.0%2.9K0.3511.9K
$300.00Jul 103.103.30$3.206.2%2.9K0.281.7K
$300.00Jul 20.000.01$0.01100.0%2.8K0.005.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$285.00Jul 20.000.61$0.31196.8%8500.15843
$280.00Jul 20.000.01$0.01100.0%7500.01380
$277.50Jul 102.693.30$3.0020.3%7010.2655
$287.50Jul 20.000.15$0.08187.5%4610.13143
$270.00Jul 101.341.65$1.5020.7%4310.15339

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 58 strikes (avg 775.2%, max 2900.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$345.00Jul 2Aug 141560.0%52.0%2900.0%3102
$312.50Jul 2Jul 10861.0%45.0%1813.3%4374
$245.00Jul 2Jul 241078.0%62.0%1638.7%4--
$240.00Jul 2Jul 17886.0%53.0%1571.7%3330
$340.00Jul 2Aug 7704.0%53.0%1228.3%232
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$232.50Jul 2Jul 171715.0%59.0%2806.8%16602
$245.00Jul 2Aug 141078.0%53.0%1934.0%4--
$240.00Jul 2Aug 14886.0%54.0%1540.7%9430
$242.50Jul 2Jul 17811.0%52.0%1459.6%3227
$235.00Jul 2Aug 7885.0%57.0%1452.6%184507

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 152 found (best R:R 61.50, avg 5.19)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$332.50$340.00Jul 10$0.12$7.38$0.1261.50$332.62
$335.00$340.00Jul 17$0.16$4.84$0.1630.25$335.16
$340.00$345.00Jul 17$0.16$4.84$0.1630.25$340.16
$320.00$322.50Jul 10$0.11$2.39$0.1121.73$320.11
$327.50$330.00Jul 10$0.13$2.37$0.1318.23$327.63
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$260.00$257.50Jul 10$0.13$2.37$0.1318.23$259.87
$255.00$250.00Jul 17$0.26$4.74$0.2618.23$254.74
$257.50$255.00Jul 10$0.14$2.36$0.1416.86$257.36
$262.50$260.00Jul 10$0.14$2.36$0.1416.86$262.36
$250.00$245.00Jul 17$0.29$4.71$0.2916.24$249.71

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 199 found (best R:R 34.71, avg 2.45)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$245.00$250.00Jul 10$4.86$4.86$0.1434.71$249.86
$252.50$255.00Jul 10$2.40$2.40$0.1024.00$254.90
$262.50$265.00Jul 17$2.40$2.40$0.1024.00$264.90
$240.00$245.00Jul 17$4.77$4.77$0.2320.74$244.77
$260.00$262.50Jul 2$2.38$2.38$0.1219.83$262.38
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$295.00$292.50Jul 2$2.32$2.32$0.1812.89$292.68
$325.00$315.00Jul 17$9.10$9.10$0.9010.11$315.90
$330.00$325.00Jul 17$4.43$4.43$0.577.77$325.57
$315.00$310.00Jul 17$4.27$4.27$0.735.85$310.73
$310.00$305.00Jul 17$4.13$4.13$0.874.75$305.87

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 59 found (avg debit $2.22, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$312.50Jul 2Jul 10$0.06861.0%45.0%
$340.00Jul 2Jul 10$0.13704.0%52.0%
$235.00Jul 2Jul 10$0.22885.0%75.0%
$245.00Jul 2Jul 10$0.251078.0%51.0%
$240.00Jul 2Jul 10$0.27886.0%59.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$240.00Jul 2Jul 10$0.13886.0%59.0%
$250.00Jul 2Jul 10$0.23636.0%51.0%
$255.00Jul 2Jul 10$0.33616.0%49.0%
$235.00Jul 2Jul 10$0.36885.0%75.0%
$257.50Jul 2Jul 10$0.48515.0%49.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 94 found (cheapest 0.46% of stock, avg 9.99%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$290.00Jul 2$0.05$1.29$1.34$288.66$291.340.46%
$287.50Jul 2$1.41$0.08$1.49$286.01$288.990.51%
$292.50Jul 2$0.01$3.91$3.92$288.58$296.421.35%
$285.00Jul 2$3.99$0.31$4.30$280.70$289.301.49%
$282.50Jul 2$6.23$0.03$6.26$276.24$288.762.16%
$295.00Jul 2$0.01$6.23$6.24$288.76$301.242.16%
$280.00Jul 2$8.63$0.01$8.64$271.36$288.642.98%
$297.50Jul 2$0.01$8.80$8.81$288.69$306.313.04%
$277.50Jul 2$11.28$0.01$11.29$266.21$288.793.90%
$300.00Jul 2$0.01$11.27$11.28$288.72$311.283.90%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 156 found (cheapest 0.04% of stock, avg 5.94%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$290.00$287.50Jul 2$0.05$0.08$0.13$287.37$290.13
$290.00$285.00Jul 2$0.05$0.31$0.36$284.64$290.36
$312.50$287.50Jul 2$1.07$0.08$1.15$286.35$313.65
$345.00$287.50Jul 2$1.07$0.08$1.15$286.35$346.15
$312.50$285.00Jul 2$1.07$0.31$1.38$283.62$313.88
$345.00$285.00Jul 2$1.07$0.31$1.38$283.62$346.38
$315.00$270.00Jul 17$2.46$3.38$5.84$264.16$320.84
$300.00$277.50Jul 10$3.20$3.00$6.20$271.30$306.20
$310.00$270.00Jul 17$3.28$3.38$6.66$263.34$316.66
$300.00$280.00Jul 10$3.20$3.58$6.78$273.22$306.78

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 246 found (best R:R 21.73, avg credit $3.88)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
260/265270/275Jul 24$4.78$0.2221.73$260.22$274.78
270/275280/285Aug 14$4.77$0.2320.74$270.23$284.77
245/250255/260Jul 24$4.75$0.2519.00$245.25$259.75
270/275280/285Jul 24$4.75$0.2519.00$270.25$284.75
242/245252/255Jul 2$2.36$0.1416.86$242.64$254.86
235/240245/250Jul 24$4.72$0.2816.86$235.28$249.72
250/255260/265Jul 31$4.72$0.2816.86$250.28$264.72
240/245250/255Jul 24$4.67$0.3314.15$240.33$254.67
265/270275/280Jul 31$4.67$0.3314.15$265.33$279.67
260/265270/275Jul 31$4.65$0.3513.29$260.35$274.65

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 124 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$305.00$310.00$315.00Jul 17$0.05$4.9599.00
$290.00$295.00$300.00Aug 7$0.06$4.9482.33
$295.00$300.00$305.00Jul 24$0.08$4.9261.50
$292.50$295.00$297.50Jul 10$0.06$2.4440.67
$310.00$312.50$315.00Jul 10$0.06$2.4440.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$250.00$255.00$260.00Jul 31$0.05$4.9599.00
$245.00$250.00$255.00Aug 14$0.10$4.9049.00
$262.50$265.00$267.50Jul 17$0.06$2.4440.67
$255.00$260.00$265.00Jul 31$0.12$4.8840.67
$265.00$270.00$275.00Jul 31$0.12$4.8840.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 127 found (best net $-1.27, 117 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$325.00$345.001:2Aug 14-$1.27$18.73
$310.00$325.001:2Aug 7-$3.32$11.68
$320.00$330.001:2Jul 2-$0.01$9.99
$330.00$340.001:2Jul 2-$0.01$9.99
$332.50$340.001:2Jul 10-$0.02$7.48
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$320.00$300.001:2Jul 24-$7.91$12.09
$240.00$235.001:2Jul 2$0.00$5.00
$255.00$250.001:2Jul 2$0.00$5.00
$245.00$240.001:2Jul 10-$0.19$4.81
$250.00$245.001:2Jul 17-$0.34$4.66

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 64 found (best yield 6.17%, avg 2.02%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$290.00Aug 14$17.850.520.2%6.17%6.33%1--
$290.00Aug 7$17.000.520.2%5.87%6.04%1143
$290.00Jul 31$16.050.520.2%5.54%5.71%45134
$295.00Aug 7$14.750.481.9%5.09%6.99%215
$290.00Jul 24$14.600.520.2%5.04%5.21%82264
$295.00Jul 31$14.400.481.9%4.97%6.87%6201
$300.00Aug 14$13.350.443.6%4.61%8.23%1--
$300.00Aug 7$12.650.443.6%4.37%7.99%1354
$295.00Jul 24$12.350.471.9%4.27%6.16%37198
$300.00Jul 31$11.800.433.6%4.08%7.70%69675

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 44,032
Total Puts 15,280
Put/Call Ratio 0.35
Net Difference 28,752

Prior's Put/Call Breakdown

Total Calls 87,475
Total Puts 19,284
Put/Call Ratio 0.22
Net Difference 68,191

Prior 7-Day Put/Call Summary

Total Calls 609,068
Total Puts 120,539
Average Put/Call Ratio 0.23
Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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