Tour v308
IBM
IBM CORP
$295.30 -2.23%
$293.99 (-0.44%)🌙
as of 07/09 06:36 PM
7/9 18:36

Option Volume

Detail
Current (07/09) 48,893
Calls: 34,959 (72%)
Puts: 13,934 (28%)
Prior (07/08) 42,790
Calls: 31,143 (73%)
Puts: 11,647 (27%)
Current vs Prior +14.26%
Calls: +12.25% (Calls)
Puts: +19.64% (Puts)
Prior 7-Day Total 513,216
Calls: 385,796 (75%)
Puts: 127,420 (25%)
Prior 7-Day Average 73,316
Calls: 55,113 (75%)
Puts: 18,202 (25%)
Current vs Prior 7-Day Avg -33.31%
Calls: -36.57%
Puts: -23.45%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/09) $41.86M
Calls: $32.80M (78%)
Puts: $9.06M (22%)
Prior (07/08) $45.09M
Calls: $37.14M (82%)
Puts: $7.95M (18%)
Current vs Prior -7.18%
Calls: -11.69%
Puts: +13.89%
Prior 7-Day Total $423.62M
Calls: $340.61M (80%)
Puts: $83.01M (20%)
Prior 7-Day Average $60.52M
Calls: $48.66M (80%)
Puts: $11.86M (20%)
Current vs Prior 7-Day Avg -30.84%
Calls: -32.59%
Puts: -23.62%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/09) 0.40
Prior (07/08) 0.37
Current vs Prior +6.58%
Prior 7-Day Average 0.34
Current vs Prior 7-Day Avg +17.21%
Sentiment BULLISH

Open Interest

Detail
Current (07/09) 386,309
Calls: 246,131 (64%)
Puts: 140,178 (36%)
Prior (07/08) 395,057
Calls: 239,755 (61%)
Puts: 155,302 (39%)
Current vs Prior -2.21%
Prior 7-Day Total 2,888,037
Calls: 1,865,164 (65%)
Puts: 1,022,873 (35%)
Prior 7-Day Average 412,576
Calls: 266,452 (65%)
Puts: 146,124 (35%)
Current vs Prior 7-Day Avg -6.37%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 2.32% | 5.41%5.41% | 14.62%
Prior 3.43% | 6.00%6.00% | 15.03%
Current vs Prior -32.40% | -9.85%-9.85% | -2.72%
Prior 7-Day Avg 3.96% | 6.61%6.79% | 15.22%
Current vs 7-Day Avg -41.57% | -18.14%-20.41% | -3.93%
Prior 7-Day Eod 3.43% | 6.00%-- | --
Current vs 7-Day Eod -32.40% | -9.85%-- | --
Sentiment BULLISHBULLISH

Relative Spread

Detail
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 39.77% | 29.09%
Calls: 30.77% | 24.57%
Puts: 48.78% | 33.62%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 78% of dollar volume in calls ($32.80M) vs puts ($9.06M). Extreme bullish P/C ratio of 0.40 - heavy call buying (34,959 calls vs 13,934 puts). Call-heavy open interest (246,131 calls vs 140,178 puts) suggests bullish 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 NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 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 100 of results (avg 7.4%, best 2.3%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$300.00Aug 2117.5017.90$17.702.3%5680.485.1K
$330.00Aug 218.208.50$8.353.6%1180.28699
$320.00Aug 2110.6011.00$10.803.7%820.343.1K
$280.00Aug 2127.6028.70$28.153.9%880.642.0K
$240.00Jul 1053.2055.40$54.304.1%11.00187
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$300.00Jul 3117.8018.50$18.153.9%100.5262
$350.00Aug 2159.4562.15$60.804.4%10.81--
$350.00Jul 2455.1058.45$56.785.9%10.89--
$350.00Jul 1753.7557.05$55.406.0%10.98--
$345.00Jul 1048.7551.90$50.336.3%11.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.63, cheapest $0.12)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$310.00Jul 100.110.13$0.1216.7%4.9K0.043.2K
$330.00Jul 170.410.47$0.4413.6%1.3K0.052.6K
$320.00Jul 170.921.00$0.968.3%7930.114.4K
$300.00Jul 100.911.07$0.9916.2%3.7K0.252.2K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 126 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Jul 1053.2055.40$54.304.1%11.00187
$250.00Jul 1043.2046.15$44.686.6%21.0095
$257.50Jul 1035.7038.80$37.258.3%11.00--
$260.00Jul 1033.2036.30$34.758.9%51.00348
$265.00Jul 1028.1031.25$29.6810.6%11.00174
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$345.00Jul 1048.7551.90$50.336.3%11.00--
$335.00Jul 1038.5542.05$40.308.7%161.00--
$340.00Jul 1043.7546.90$45.336.9%11.00--
$325.00Jul 1028.5531.90$30.2311.1%100.99--
$322.50Jul 1026.4029.40$27.9010.8%10.99--

Most actively traded options today. High liquidity = easy entry/exit. 326 active (total vol 39.2K, top 4.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$310.00Jul 100.110.13$0.1216.7%4.9K0.043.2K
$300.00Jul 100.911.07$0.9916.2%3.7K0.252.2K
$330.00Jul 170.410.47$0.4413.6%1.3K0.052.6K
$350.00Jul 170.100.14$0.1233.3%1.3K0.016.9K
$300.00Jul 174.955.35$5.157.8%1.2K0.408.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$290.00Jul 100.771.12$0.9536.8%1.4K0.23869
$295.00Jul 176.807.75$7.2813.0%6520.49828
$297.50Jul 103.404.60$4.0030.0%6330.63365
$290.00Jul 174.655.00$4.837.2%5670.381.2K
$292.50Jul 101.252.06$1.6648.8%4990.35161

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 49 strikes (avg 71.2%, max 319.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$240.00Jul 10Aug 21192.9%52.1%270.4%3187
$260.00Jul 10Aug 21118.1%50.1%135.8%133.6K
$327.50Jul 10Jul 17101.4%46.1%120.1%27106
$250.00Jul 10Aug 21109.0%51.0%113.6%91.5K
$350.00Jul 10Aug 21110.0%51.9%112.0%1071.9K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$245.00Jul 10Aug 21216.1%51.5%319.7%441.3K
$240.00Jul 10Aug 21192.9%52.1%270.4%412.1K
$252.50Jul 10Jul 17146.3%55.2%164.8%29260
$255.00Jul 10Aug 21130.6%50.3%159.4%106991
$260.00Jul 10Aug 21118.1%50.1%135.8%66777

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 192 found (best R:R 21.73, avg 4.39)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$317.50$320.00Jul 10$0.11$2.39$0.1121.73$317.61
$327.50$330.00Jul 17$0.12$2.38$0.1219.83$327.62
$305.00$307.50Jul 10$0.13$2.37$0.1318.23$305.13
$315.00$317.50Jul 17$0.13$2.37$0.1318.23$315.13
$335.00$340.00Aug 7$0.26$4.74$0.2618.23$335.26
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$252.50$250.00Jul 10$0.11$2.39$0.1121.73$252.39
$262.50$260.00Jul 17$0.11$2.39$0.1121.73$262.39
$267.50$265.00Jul 17$0.11$2.39$0.1121.73$267.39
$245.00$240.00Jul 24$0.22$4.78$0.2221.73$244.78
$270.00$267.50Jul 24$0.13$2.37$0.1318.23$269.87

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 251 found (best R:R 74.00, avg 2.41)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$250.00$255.00Jul 17$4.87$4.87$0.1337.46$254.87
$240.00$250.00Jul 10$9.62$9.62$0.3825.32$249.62
$245.00$250.00Jul 17$4.80$4.80$0.2024.00$249.80
$272.50$275.00Jul 17$2.35$2.35$0.1515.67$274.85
$240.00$245.00Jul 17$4.63$4.63$0.3712.51$244.63
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$335.00$327.50Jul 10$7.40$7.40$0.1074.00$327.60
$305.00$302.50Jul 10$2.40$2.40$0.1024.00$302.60
$335.00$320.00Jul 17$14.17$14.17$0.8317.07$320.83
$307.50$305.00Jul 10$2.33$2.33$0.1713.71$305.17
$325.00$322.50Jul 10$2.33$2.33$0.1713.71$322.67

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 68 found (avg debit $1.97, cheapest $0.11)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$350.00Jul 10Jul 17$0.11110.0%52.8%
$340.00Jul 10Jul 17$0.1399.1%45.9%
$345.00Jul 10Jul 17$0.19101.5%52.6%
$335.00Jul 10Jul 17$0.2189.4%45.3%
$265.00Jul 10Jul 17$0.3581.6%47.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$252.50Jul 10Jul 17$0.12146.3%55.2%
$255.00Jul 10Jul 17$0.17130.6%52.4%
$260.00Jul 10Jul 17$0.17118.1%47.3%
$250.00Jul 10Jul 17$0.18109.0%55.8%
$335.00Jul 10Jul 17$0.2089.4%45.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 123 found (cheapest 1.85% of stock, avg 11.19%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$295.00Jul 10$2.84$2.63$5.47$289.53$300.471.85%
$297.50Jul 10$1.66$4.00$5.66$291.84$303.161.92%
$292.50Jul 10$4.28$1.66$5.94$286.56$298.442.01%
$290.00Jul 10$6.08$0.95$7.03$282.97$297.032.38%
$300.00Jul 10$0.99$6.10$7.09$292.91$307.092.40%
$287.50Jul 10$7.53$0.59$8.12$279.38$295.622.75%
$302.50Jul 10$0.57$8.55$9.12$293.38$311.623.09%
$285.00Jul 10$10.30$0.30$10.60$274.40$295.603.59%
$305.00Jul 10$0.32$10.95$11.27$293.73$316.273.82%
$282.50Jul 10$12.48$0.16$12.64$269.86$295.144.28%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.17% of stock, avg 6.57%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$307.50$285.00Jul 10$0.19$0.30$0.49$284.51$307.99
$305.00$285.00Jul 10$0.32$0.30$0.62$284.38$305.62
$307.50$287.50Jul 10$0.19$0.59$0.78$286.72$308.28
$302.50$285.00Jul 10$0.57$0.30$0.87$284.13$303.37
$305.00$287.50Jul 10$0.32$0.59$0.91$286.59$305.91
$302.50$287.50Jul 10$0.57$0.59$1.16$286.34$303.66
$307.50$290.00Jul 10$0.19$0.95$1.14$288.86$308.64
$305.00$290.00Jul 10$0.32$0.95$1.27$288.73$306.27
$300.00$285.00Jul 10$0.99$0.30$1.29$283.71$301.29
$302.50$290.00Jul 10$0.57$0.95$1.52$288.48$304.02

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 263 found (best R:R 44.45, avg credit $3.80)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
265/270275/280Jul 31$4.89$0.1144.45$265.11$279.89
255/260265/270Jul 31$4.88$0.1240.67$255.12$269.88
250/255260/265Aug 21$4.87$0.1337.46$250.13$264.87
250/255265/270Aug 21$4.84$0.1630.25$250.16$269.84
245/250260/265Aug 21$4.80$0.2024.00$245.20$264.80
250/255275/280Aug 7$4.78$0.2221.73$250.22$279.78
245/250260/265Aug 14$4.78$0.2221.73$245.22$264.78
245/250255/260Aug 21$4.78$0.2221.73$245.22$259.78
250/255260/265Jul 31$4.77$0.2320.74$250.23$264.77
245/250265/270Aug 21$4.77$0.2320.74$245.23$269.77

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 138 found (best R:R 70.43, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$310.00$315.00$320.00Jul 31$0.07$4.9370.43
$280.00$285.00$290.00Aug 7$0.07$4.9370.43
$317.50$320.00$322.50Jul 17$0.05$2.4549.00
$327.50$330.00$332.50Jul 17$0.05$2.4549.00
$305.00$310.00$315.00Jul 31$0.11$4.8944.45
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$245.00$250.00$255.00Aug 21$0.07$4.9370.43
$272.50$275.00$277.50Jul 17$0.05$2.4549.00
$310.00$315.00$320.00Aug 21$0.10$4.9049.00
$275.00$280.00$285.00Jul 31$0.11$4.8944.45
$295.00$300.00$305.00Aug 21$0.11$4.8944.45

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 125 found (best net $-4.35, 119 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$340.00$350.001:2Jul 31-$1.88$8.12
$330.00$340.001:2Aug 14-$2.77$7.23
$320.00$330.001:2Aug 7-$4.24$5.76
$335.00$340.001:2Jul 10-$0.01$4.99
$340.00$345.001:2Jul 10-$0.01$4.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$320.00$300.001:2Jul 31-$4.35$15.65
$280.00$265.001:2Aug 14-$2.06$12.94
$270.00$260.001:2Aug 7-$0.97$9.03
$250.00$245.001:2Jul 17-$0.01$4.99
$320.00$310.001:2Jul 10-$5.41$4.59

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 77 found (best yield 5.93%, avg 2.08%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$300.00Aug 21$17.500.481.6%5.93%7.52%5685.1K
$300.00Aug 14$16.100.481.6%5.45%7.04%2425
$300.00Aug 7$15.200.481.6%5.15%6.74%1870
$305.00Aug 21$15.000.443.3%5.08%8.36%22824
$310.00Aug 21$13.000.415.0%4.40%9.38%1431.3K
$305.00Aug 14$12.850.443.3%4.35%7.64%5--
$300.00Jul 31$12.750.471.6%4.32%5.91%77731
$305.00Aug 7$12.600.443.3%4.27%7.55%1--
$297.50Jul 24$12.200.490.8%4.13%4.88%1412
$300.00Jul 24$12.000.471.6%4.06%5.66%521.0K

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 34,959
Total Puts 13,934
Put/Call Ratio 0.40
Net Difference 21,025

Prior's Put/Call Breakdown

Total Calls 31,143
Total Puts 11,647
Put/Call Ratio 0.37
Net Difference 19,496

Prior 7-Day Put/Call Summary

Total Calls 385,796
Total Puts 127,420
Average Put/Call Ratio 0.34
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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