Tour v340
IBM
IBM CORP
$211.20 -2.70%
$211.80 (+0.28%)🌙
as of 07/15 06:43 PM
(7/14 18:00) ◀
|
Wednesday, July 15, 2026 (6:43pm)
January 2026
|
▶ (7/16 18:35)
◀ 7/15 18:43 ▶

Option Volume

Detail
ℹ
Current (07/15) 280,066
Calls: 166,718 (60%)
Puts: 113,348 (40%)
Prior (07/14) 494,370
Calls: 273,473 (55%)
Puts: 220,897 (45%)
Current vs Prior -43.35%
Calls: -39.04% (Calls)
Puts: -48.69% (Puts)
Prior 7-Day Total 858,569
Calls: 538,470 (63%)
Puts: 320,099 (37%)
Prior 7-Day Average 122,652
Calls: 76,924 (63%)
Puts: 45,728 (37%)
Current vs Prior 7-Day Avg +128.34%
Calls: +116.73%
Puts: +147.87%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/15) $290.75M
Calls: $85.08M (29%)
Puts: $205.67M (71%)
Prior (07/14) $495.42M
Calls: $188.76M (38%)
Puts: $306.67M (62%)
Current vs Prior -41.31%
Calls: -54.92%
Puts: -32.93%
Prior 7-Day Total $832.44M
Calls: $446.16M (54%)
Puts: $386.29M (46%)
Prior 7-Day Average $118.92M
Calls: $63.74M (54%)
Puts: $55.18M (46%)
Current vs Prior 7-Day Avg +144.49%
Calls: +33.49%
Puts: +272.69%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/15) 0.68
Prior (07/14) 0.81
Current vs Prior -15.83%
Prior 7-Day Average 0.44
Current vs Prior 7-Day Avg +55.60%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/15) 654,675
Calls: 392,276 (60%)
Puts: 262,399 (40%)
Prior (07/14) 565,429
Calls: 329,739 (58%)
Puts: 235,690 (42%)
Current vs Prior +15.78%
Prior 7-Day Total 2,986,370
Calls: 1,833,229 (61%)
Puts: 1,153,141 (39%)
Prior 7-Day Average 426,624
Calls: 261,889 (61%)
Puts: 164,734 (39%)
Current vs Prior 7-Day Avg +53.45%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 3.85% | 8.70%3.85% | 14.36%
Prior 6.67% | 11.19%6.67% | 15.79%
Current vs Prior -42.29% | -22.20%-42.29% | -9.06%
Prior 7-Day Avg 4.32% | 8.03%5.93% | 14.88%
Current vs 7-Day Avg -10.98% | +8.43%-35.11% | -3.47%
Prior 7-Day Eod 6.67% | 11.19%6.67% | 15.79%
Current vs 7-Day Eod -42.29% | -22.20%-42.29% | -9.06%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 5.58% | 5.59%
Calls: 6.22% | 4.48%
Puts: 4.94% | 6.69%
Prior 5.58% | 5.59%
Calls: 6.22% | 4.48%
Puts: 4.94% | 6.69%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 34.89% | 25.73%
Calls: 27.26% | 21.70%
Puts: 42.52% | 29.77%
Current vs 7-Day Avg -84.00% | -78.28%
Liquidity Pricy
+
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🤖 AI Insights

Moderately bearish flow with 71% put dollar volume ($205.67M). Dollar volume significantly above 7-day average (144% higher). Below-average activity with volume down 43% vs prior. Volume explosion - 128% above 7-day average (280,066 vs avg 122,652).

Smart Money BEARISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
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 161 of results (avg 6.9%, best 2.4%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$230.00Jul 314.054.15$4.102.4%5580.27539
$215.00Aug 79.9010.20$10.053.0%2670.48124
$212.50Jul 248.008.25$8.133.1%6310.50--
$215.00Jul 171.982.05$2.013.5%6.9K0.351.3K
$215.00Jul 247.007.25$7.133.5%1.4K0.46558
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Aug 218.208.45$8.323.0%2.5K0.343.4K
$215.00Aug 712.8013.25$13.033.5%840.5292
$210.00Aug 2112.8013.25$13.033.5%6060.462.3K
$210.00Jul 247.607.90$7.753.9%6850.45953
$215.00Aug 1414.7015.30$15.004.0%810.52120

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 14 found (avg $0.45, cheapest $0.08)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Jul 170.070.08$0.0812.5%2.6K0.022.8K
$235.00Jul 170.100.12$0.1118.2%3.4K0.033.2K
$230.00Jul 170.200.22$0.219.5%10.9K0.053.7K
$227.50Jul 170.280.33$0.3116.1%1.4K0.07858
$225.00Jul 170.410.46$0.4411.4%7.6K0.104.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Jul 170.110.13$0.1216.7%2.2K0.032.2K
$197.50Jul 170.190.21$0.2010.0%1510.05--
$200.00Jul 170.310.35$0.3312.1%5.6K0.085.3K
$180.00Jul 240.410.48$0.4415.9%1490.052.6K
$185.00Jul 240.750.82$0.789.0%2180.08310

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 127 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Jul 1730.5033.30$31.908.8%131.0030
$185.00Jul 1725.0528.35$26.7012.4%30.9946
$190.00Jul 1720.8022.50$21.657.9%160.9951
$195.00Jul 1715.9018.45$17.1814.8%180.9766
$187.50Jul 1723.4025.85$24.639.9%10.96--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Jul 1722.5024.30$23.407.7%1211.001.1K
$237.50Jul 1724.5026.85$25.689.2%261.00--
$240.00Jul 1727.7029.30$28.505.6%1731.00904
$242.50Jul 1729.3031.75$30.538.0%301.00--
$245.00Jul 1731.8034.40$33.107.9%361.002.6K

Most actively traded options today. High liquidity = easy entry/exit. 295 active (total vol 168.6K, top 12.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Jul 170.931.00$0.977.2%12.9K0.197.1K
$230.00Jul 170.200.22$0.219.5%10.9K0.053.7K
$225.00Jul 170.410.46$0.4411.4%7.6K0.104.3K
$215.00Jul 171.982.05$2.013.5%6.9K0.351.3K
$250.00Jul 170.030.04$0.0425.0%3.5K0.017.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$205.00Jul 171.001.08$1.047.7%6.4K0.213.0K
$215.00Jul 175.455.85$5.657.1%5.9K0.655.2K
$210.00Jul 172.672.81$2.745.1%5.6K0.434.0K
$200.00Jul 170.310.35$0.3312.1%5.6K0.085.3K
$220.00Jul 178.7510.00$9.3813.3%3.9K0.815.8K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 51 strikes (avg 43.0%, max 189.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$250.00Jul 17Aug 2894.0%51.5%82.6%3.7K7.8K
$180.00Jul 17Aug 2183.6%49.3%69.7%21186
$245.00Jul 17Aug 2886.7%52.4%65.6%1.3K2.0K
$240.00Jul 17Aug 2881.6%50.8%60.5%2.7K2.9K
$252.50Jul 17Jul 3198.8%64.2%53.9%165157
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$182.50Jul 17Jul 31154.5%53.3%189.7%12--
$177.50Jul 17Jul 31141.7%53.9%162.8%21--
$170.00Jul 17Aug 2899.7%47.9%107.9%2051.1K
$175.00Jul 17Aug 2896.9%48.3%100.5%200984
$172.50Jul 17Jul 24125.0%64.2%94.7%18--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 177 found (best R:R 24.00, avg 4.17)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$227.50$230.00Jul 17$0.10$2.40$0.1024.00$227.60
$225.00$227.50Jul 17$0.13$2.37$0.1318.23$225.13
$250.00$252.50Jul 31$0.13$2.37$0.1318.23$250.13
$247.50$250.00Jul 24$0.15$2.35$0.1515.67$247.65
$245.00$247.50Jul 24$0.16$2.34$0.1614.62$245.16
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$175.00$170.00Aug 7$0.21$4.79$0.2122.81$174.79
$180.00$175.00Aug 7$0.22$4.78$0.2221.73$179.78
$200.00$197.50Jul 17$0.13$2.37$0.1318.23$199.87
$182.50$180.00Jul 24$0.16$2.34$0.1614.63$182.34
$177.50$175.00Jul 24$0.17$2.33$0.1713.71$177.33

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 241 found (best R:R 24.00, avg 1.84)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$175.00$180.00Jul 31$4.80$4.80$0.2024.00$179.80
$180.00$185.00Jul 24$4.73$4.73$0.2717.52$184.73
$190.00$195.00Jul 17$4.47$4.47$0.538.43$194.47
$195.00$200.00Jul 24$4.37$4.37$0.636.94$199.37
$175.00$180.00Aug 21$4.33$4.33$0.676.46$179.33
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$247.50$245.00Jul 24$2.37$2.37$0.1318.23$245.13
$227.50$225.00Jul 17$2.30$2.30$0.2011.50$225.20
$237.50$235.00Jul 17$2.28$2.28$0.2210.36$235.22
$235.00$232.50Jul 24$2.28$2.28$0.2210.36$232.72
$240.00$235.00Aug 7$4.50$4.50$0.509.00$235.50

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 57 found (avg debit $2.51, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$180.00Jul 17Jul 24$0.4383.6%64.1%
$250.00Jul 17Jul 24$0.7194.0%71.4%
$252.50Jul 17Jul 24$0.7198.8%74.5%
$247.50Jul 17Jul 24$0.8494.2%71.2%
$185.00Jul 17Jul 24$0.9072.9%63.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$172.50Jul 17Jul 24$0.07125.0%64.2%
$170.00Jul 17Jul 24$0.1199.7%65.5%
$175.00Jul 17Jul 24$0.2296.9%64.9%
$180.00Jul 17Jul 24$0.4283.6%64.1%
$252.50Jul 17Jul 24$0.5398.8%74.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 126 found (cheapest 3.25% of stock, avg 12.90%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$210.00Jul 17$4.13$2.74$6.87$203.13$216.873.25%
$212.50Jul 17$2.87$4.00$6.87$205.63$219.373.25%
$207.50Jul 17$5.63$1.76$7.39$200.11$214.893.50%
$215.00Jul 17$2.01$5.65$7.66$207.34$222.663.63%
$205.00Jul 17$7.30$1.04$8.34$196.66$213.343.95%
$217.50Jul 17$1.45$7.60$9.05$208.45$226.554.29%
$220.00Jul 17$0.97$9.38$10.35$209.65$230.354.90%
$202.50Jul 17$10.00$0.59$10.59$191.91$213.095.01%
$200.00Jul 17$11.55$0.33$11.88$188.12$211.885.63%
$222.50Jul 17$0.64$11.83$12.47$210.03$234.975.90%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.58% of stock, avg 6.29%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$222.50$202.50Jul 17$0.64$0.59$1.23$201.27$223.73
$220.00$202.50Jul 17$0.97$0.59$1.56$200.94$221.56
$222.50$182.50Jul 17$0.64$0.98$1.62$180.88$224.12
$222.50$205.00Jul 17$0.64$1.04$1.68$203.32$224.18
$220.00$182.50Jul 17$0.97$0.98$1.95$180.55$221.95
$220.00$205.00Jul 17$0.97$1.04$2.01$202.99$222.01
$217.50$202.50Jul 17$1.45$0.59$2.04$200.46$219.54
$222.50$207.50Jul 17$0.64$1.76$2.40$205.10$224.90
$217.50$182.50Jul 17$1.45$0.98$2.43$180.07$219.93
$217.50$205.00Jul 17$1.45$1.04$2.49$202.51$219.99

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 371 found (best R:R 49.00, avg credit $3.00)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
175/178180/185Jul 24$4.90$0.1049.00$172.60$184.90
190/195200/205Aug 28$4.90$0.1049.00$190.10$204.90
205/210215/220Aug 28$4.88$0.1240.67$205.12$219.88
175/178190/195Jul 17$4.82$0.1826.78$172.68$194.82
210/215230/235Aug 28$4.80$0.2024.00$210.20$234.80
190/195210/215Aug 28$4.77$0.2320.74$190.23$214.77
210/215220/225Aug 28$4.75$0.2519.00$210.25$224.75
190/192195/200Jul 24$4.74$0.2618.23$187.76$199.74
190/195200/205Aug 7$4.74$0.2618.23$190.26$204.74
205/210215/220Aug 7$4.73$0.2717.52$205.27$219.73

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 163 found (best R:R 70.43, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$235.00$240.00$245.00Aug 14$0.07$4.9370.43
$180.00$185.00$190.00Aug 21$0.07$4.9370.43
$230.00$235.00$240.00Aug 21$0.07$4.9370.43
$210.00$215.00$220.00Aug 7$0.08$4.9261.50
$232.50$235.00$237.50Jul 17$0.05$2.4549.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$240.00$245.00$250.00Aug 7$0.07$4.9370.43
$185.00$187.50$190.00Jul 31$0.05$2.4549.00
$170.00$175.00$180.00Aug 28$0.10$4.9049.00
$170.00$172.50$175.00Jul 24$0.06$2.4440.67
$182.50$185.00$187.50Jul 24$0.06$2.4440.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 116 found (best net $-0.19, 111 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$245.00$250.001:2Aug 7-$1.53$3.47
$245.00$250.001:2Aug 14-$1.91$3.09
$240.00$245.001:2Aug 7-$2.06$2.94
$235.00$240.001:2Aug 7-$2.09$2.91
$240.00$245.001:2Aug 14-$2.23$2.77
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$175.00$170.001:2Jul 31-$0.19$4.81
$175.00$170.001:2Aug 14-$0.40$4.60
$175.00$170.001:2Aug 7-$0.44$4.56
$185.00$180.001:2Aug 7-$0.45$4.55
$190.00$185.001:2Aug 7-$0.60$4.40

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 73 found (best yield 5.78%, avg 2.09%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$215.00Aug 28$12.200.491.8%5.78%7.58%13477
$215.00Aug 21$11.400.481.8%5.40%7.20%706370
$215.00Aug 14$10.400.471.8%4.92%6.72%276127
$220.00Aug 28$10.200.434.2%4.83%9.00%252588
$215.00Aug 7$9.900.481.8%4.69%6.49%267124
$220.00Aug 21$9.550.424.2%4.52%8.69%1.0K1.2K
$212.50Jul 31$9.400.500.6%4.45%5.07%178--
$225.00Aug 28$8.600.396.5%4.07%10.61%127524
$215.00Jul 31$8.400.471.8%3.98%5.78%394392
$220.00Aug 14$8.250.414.2%3.91%8.07%150289

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 166,718
Total Puts 113,348
Put/Call Ratio 0.68
Net Difference 53,370

Prior's Put/Call Breakdown

Total Calls 273,473
Total Puts 220,897
Put/Call Ratio 0.81
Net Difference 52,576

Prior 7-Day Put/Call Summary

Total Calls 538,470
Total Puts 320,099
Average Put/Call Ratio 0.44
Ratio Trend Falling

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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