IBM - Options Database

IBM

IBM CORP

$219.05 +3.72%

$217.00 (-0.94%)🌙

as of 07/16 06:35 PM

(7/15 18:43) ◀

Thursday, July 16, 2026 (6:35pm)

▶ (7/17 18:40)

◀ 7/16 18:35 ▶

Option Volume

Detail

ℹ

Current (07/16) 321,295

Calls: 201,241 (63%)

Puts: 120,054 (37%)

Prior (07/15) 280,066

Calls: 166,718 (60%)

Puts: 113,348 (40%)

Current vs Prior +14.72%

Calls: +20.71% (Calls)

Puts: +5.92% (Puts)

Prior 7-Day Total 1,061,711

Calls: 650,223 (61%)

Puts: 411,488 (39%)

Prior 7-Day Average 151,673

Calls: 92,889 (61%)

Puts: 58,784 (39%)

Current vs Prior 7-Day Avg +111.83%

Calls: +116.65%

Puts: +104.23%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/16) $359.54M

Calls: $140.49M (39%)

Puts: $219.05M (61%)

Prior (07/15) $290.75M

Calls: $85.08M (29%)

Puts: $205.67M (71%)

Current vs Prior +23.66%

Calls: +65.12%

Puts: +6.51%

Prior 7-Day Total $1.05B

Calls: $472.27M (45%)

Puts: $579.68M (55%)

Prior 7-Day Average $150.28M

Calls: $67.47M (45%)

Puts: $82.81M (55%)

Current vs Prior 7-Day Avg +139.25%

Calls: +108.23%

Puts: +164.51%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/16) 0.60

Prior (07/15) 0.68

Current vs Prior -12.25%

Prior 7-Day Average 0.48

Current vs Prior 7-Day Avg +25.07%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (07/16) 709,819

Calls: 429,452 (61%)

Puts: 280,367 (39%)

Prior (07/15) 654,675

Calls: 392,276 (60%)

Puts: 262,399 (40%)

Current vs Prior +8.42%

Prior 7-Day Total 3,203,722

Calls: 1,954,805 (61%)

Puts: 1,248,917 (39%)

Prior 7-Day Average 457,674

Calls: 279,257 (61%)

Puts: 178,416 (39%)

Current vs Prior 7-Day Avg +55.09%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)

Current 2.92% | 7.68%2.92% | 13.32%

Prior 3.85% | 8.70%3.85% | 14.36%

Current vs Prior -24.22% | -11.71%-24.22% | -7.24%

Prior 7-Day Avg 4.21% | 8.23%5.45% | 14.75%

Current vs 7-Day Avg -30.70% | -6.69%-46.45% | -9.71%

Prior 7-Day Eod 3.85% | 8.70%3.85% | 14.36%

Current vs 7-Day Eod -24.22% | -11.71%-24.22% | -7.24%

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 30.00% | 22.38%

Calls: 23.76% | 18.83%

Puts: 36.25% | 25.93%

Current vs 7-Day Avg -81.40% | -75.02%

Liquidity Pricy

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Moderately bearish flow with 61% put dollar volume ($219.05M). Dollar volume significantly above 7-day average (139% higher). Volume explosion - 112% above 7-day average (321,295 vs avg 151,673). Bullish P/C ratio of 0.60.

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 BEARISH

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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 143 of results (avg 7.2%, best 1.4%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$220.00	Jul 17	2.20	2.23	$2.22	1.4%	19.7K	0.46	8.6K
$225.00	Jul 17	0.80	0.82	$0.81	2.5%	11.0K	0.21	4.6K
$240.00	Aug 21	5.70	5.90	$5.80	3.4%	995	0.29	1.5K
$220.00	Aug 21	12.45	12.90	$12.68	3.5%	4.3K	0.51	1.4K
$180.00	Aug 21	40.25	42.05	$41.15	4.4%	111	0.91	162

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Aug 21	26.70	27.65	$27.17	3.5%	151	0.70	2.3K
$220.00	Aug 21	13.75	14.25	$14.00	3.6%	162	0.49	3.6K
$210.00	Aug 21	8.85	9.20	$9.02	3.9%	491	0.37	2.4K
$200.00	Aug 21	5.30	5.55	$5.43	4.6%	3.3K	0.26	4.3K
$227.50	Jul 24	12.55	13.15	$12.85	4.7%	18	0.64	31

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 12 found (avg $0.62, cheapest $0.19)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Jul 17	0.28	0.31	$0.30	10.0%	10.4K	0.09	6.7K
$227.50	Jul 17	0.42	0.50	$0.46	17.4%	2.9K	0.13	1.1K
$260.00	Jul 24	0.42	0.50	$0.46	17.4%	249	0.05	570
$252.50	Jul 24	0.75	0.83	$0.79	10.1%	134	0.08	38
$225.00	Jul 17	0.80	0.82	$0.81	2.5%	11.0K	0.21	4.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$210.00	Jul 17	0.18	0.20	$0.19	10.5%	7.8K	0.07	5.4K
$185.00	Jul 24	0.24	0.27	$0.26	11.5%	268	0.03	417
$192.50	Jul 24	0.56	0.68	$0.62	19.4%	471	0.07	56
$195.00	Jul 24	0.70	0.82	$0.76	15.8%	717	0.08	953
$215.00	Jul 17	0.79	0.95	$0.87	18.4%	4.2K	0.24	4.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 142 found (avg delta 0.79, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$180.00	Jul 17	37.45	41.40	$39.42	10.0%	2	1.00	--
$177.50	Jul 17	39.95	43.90	$41.93	9.4%	1	1.00	--
$182.50	Jul 17	34.90	38.95	$36.92	11.0%	3	1.00	--
$185.00	Jul 17	32.45	36.45	$34.45	11.6%	1	1.00	--
$187.50	Jul 17	30.75	33.45	$32.10	8.4%	6	1.00	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Jul 17	20.35	22.30	$21.33	9.1%	67	1.00	860
$242.50	Jul 17	21.60	24.80	$23.20	13.8%	3	1.00	--
$245.00	Jul 17	24.00	27.25	$25.63	12.7%	123	1.00	972
$247.50	Jul 17	26.90	29.30	$28.10	8.5%	17	1.00	--
$250.00	Jul 17	30.10	32.25	$31.18	6.9%	1.1K	1.00	729

Most actively traded options today. High liquidity = easy entry/exit. 315 active (total vol 225.1K, top 19.7K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$220.00	Jul 17	2.20	2.23	$2.22	1.4%	19.7K	0.46	8.6K
$215.00	Jul 17	4.95	5.40	$5.18	8.7%	14.3K	0.76	3.6K
$225.00	Jul 17	0.80	0.82	$0.81	2.5%	11.0K	0.21	4.6K
$230.00	Jul 17	0.28	0.31	$0.30	10.0%	10.4K	0.09	6.7K
$217.50	Jul 17	3.30	3.70	$3.50	11.4%	8.8K	0.62	2.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Jul 17	0.03	0.04	$0.04	25.0%	8.2K	0.01	5.7K
$210.00	Jul 17	0.18	0.20	$0.19	10.5%	7.8K	0.07	5.4K
$205.00	Jul 17	0.04	0.07	$0.06	50.0%	7.6K	0.02	5.0K
$215.00	Jul 17	0.79	0.95	$0.87	18.4%	4.2K	0.24	4.3K
$200.00	Aug 21	5.30	5.55	$5.43	4.6%	3.3K	0.26	4.3K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 65 strikes (avg 70.3%, max 171.1%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$180.00	Jul 17	Aug 21	131.2%	49.2%	166.7%	113	162
$260.00	Jul 17	Aug 28	128.6%	50.0%	157.2%	388	3.9K
$185.00	Jul 17	Aug 28	122.2%	48.3%	153.2%	3	9
$262.50	Jul 17	Jul 31	138.2%	60.3%	129.1%	120	282
$255.00	Jul 17	Aug 28	115.2%	51.8%	122.4%	269	2.2K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$180.00	Jul 17	Aug 28	131.2%	48.4%	171.1%	91	1.6K
$185.00	Jul 17	Aug 28	122.2%	48.3%	153.2%	554	1.7K
$260.00	Jul 17	Aug 21	128.6%	51.1%	151.9%	526	1.4K
$177.50	Jul 17	Jul 31	148.7%	59.1%	151.6%	10	6
$182.50	Jul 17	Jul 31	130.9%	54.8%	139.0%	161	12

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 168 found (best R:R 24.00, avg 4.60)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$260.00	$262.50	Jul 24	$0.10	$2.40	$0.10	24.00	$260.10
$230.00	$232.50	Jul 17	$0.11	$2.39	$0.11	21.73	$230.11
$260.00	$262.50	Jul 31	$0.11	$2.39	$0.11	21.73	$260.11
$255.00	$257.50	Jul 24	$0.12	$2.38	$0.12	19.83	$255.12
$245.00	$247.50	Jul 24	$0.13	$2.37	$0.13	18.23	$245.13

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$180.00	$177.50	Jul 31	$0.11	$2.39	$0.11	21.73	$179.89
$207.50	$205.00	Jul 17	$0.14	$2.36	$0.14	16.86	$207.36
$195.00	$192.50	Jul 24	$0.14	$2.36	$0.14	16.86	$194.86
$185.00	$182.50	Jul 31	$0.16	$2.34	$0.16	14.63	$184.84
$190.00	$187.50	Jul 24	$0.17	$2.33	$0.17	13.71	$189.83

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 245 found (best R:R 24.00, avg 2.37)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$180.00	$185.00	Aug 7	$4.80	$4.80	$0.20	24.00	$184.80
$185.00	$190.00	Jul 24	$4.77	$4.77	$0.23	20.74	$189.77
$187.50	$190.00	Jul 31	$2.38	$2.38	$0.12	19.83	$189.88
$185.00	$187.50	Jul 17	$2.35	$2.35	$0.15	15.67	$187.35
$190.00	$195.00	Aug 7	$4.70	$4.70	$0.30	15.67	$194.70

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$255.00	$252.50	Jul 24	$2.33	$2.33	$0.17	13.71	$252.67
$260.00	$255.00	Jul 17	$4.64	$4.64	$0.36	12.89	$255.36
$252.50	$250.00	Jul 31	$2.32	$2.32	$0.18	12.89	$250.18
$260.00	$255.00	Jul 31	$4.61	$4.61	$0.39	11.82	$255.39
$260.00	$255.00	Aug 21	$4.55	$4.55	$0.45	10.11	$255.45

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 65 found (avg debit $2.16, cheapest $0.05)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$262.50	Jul 17	Jul 24	$0.33	138.2%	68.3%
$185.00	Jul 17	Jul 24	$0.40	122.2%	63.5%
$260.00	Jul 17	Jul 24	$0.44	128.6%	68.7%
$180.00	Jul 17	Jul 24	$0.46	131.2%	65.3%
$190.00	Jul 17	Jul 24	$0.48	103.9%	61.6%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$250.00	Jul 17	Jul 24	$0.05	104.4%	66.2%
$177.50	Jul 17	Jul 24	$0.06	148.7%	62.3%
$180.00	Jul 17	Jul 24	$0.13	131.2%	65.3%
$182.50	Jul 17	Jul 24	$0.21	130.9%	66.0%
$185.00	Jul 17	Jul 24	$0.25	122.2%	63.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 142 found (cheapest 2.33% of stock, avg 12.32%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$220.00	Jul 17	$2.22	$2.89	$5.11	$214.89	$225.11	2.33%
$217.50	Jul 17	$3.50	$1.66	$5.16	$212.34	$222.66	2.36%
$222.50	Jul 17	$1.34	$4.35	$5.69	$216.81	$228.19	2.60%
$215.00	Jul 17	$5.18	$0.87	$6.05	$208.95	$221.05	2.76%
$225.00	Jul 17	$0.81	$6.45	$7.26	$217.74	$232.26	3.31%
$212.50	Jul 17	$7.38	$0.43	$7.81	$204.69	$220.31	3.57%
$227.50	Jul 17	$0.46	$8.95	$9.41	$218.09	$236.91	4.30%
$210.00	Jul 17	$9.65	$0.19	$9.84	$200.16	$219.84	4.49%
$230.00	Jul 17	$0.30	$11.10	$11.40	$218.60	$241.40	5.20%
$207.50	Jul 17	$11.80	$0.20	$12.00	$195.50	$219.50	5.48%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.22% of stock, avg 5.87%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$230.00	$210.00	Jul 17	$0.30	$0.19	$0.49	$209.51	$230.49
$230.00	$207.50	Jul 17	$0.30	$0.20	$0.50	$207.00	$230.50
$227.50	$210.00	Jul 17	$0.46	$0.19	$0.65	$209.35	$228.15
$227.50	$207.50	Jul 17	$0.46	$0.20	$0.66	$206.84	$228.16
$230.00	$212.50	Jul 17	$0.30	$0.43	$0.73	$211.77	$230.73
$227.50	$212.50	Jul 17	$0.46	$0.43	$0.89	$211.61	$228.39
$225.00	$210.00	Jul 17	$0.81	$0.19	$1.00	$209.00	$226.00
$225.00	$207.50	Jul 17	$0.81	$0.20	$1.01	$206.49	$226.01
$230.00	$215.00	Jul 17	$0.30	$0.87	$1.17	$213.83	$231.17
$225.00	$212.50	Jul 17	$0.81	$0.43	$1.24	$211.26	$226.24

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 227 found (best R:R 26.78, avg credit $3.23)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
225/230	235/240	Aug 28	$4.82	$0.18	26.78	$225.18	$239.82
198/200	208/210	Jul 24	$2.39	$0.11	21.73	$197.61	$209.89
210/215	220/225	Aug 14	$4.76	$0.24	19.83	$210.24	$224.76
195/200	205/210	Aug 21	$4.74	$0.26	18.23	$195.26	$209.74
185/190	195/200	Aug 7	$4.71	$0.29	16.24	$185.29	$199.71
180/185	195/200	Aug 14	$4.69	$0.31	15.13	$180.31	$199.69
200/202	205/208	Jul 31	$2.34	$0.16	14.63	$200.16	$207.34
198/200	205/208	Jul 31	$2.33	$0.17	13.71	$197.67	$207.33
188/190	195/198	Jul 31	$2.32	$0.18	12.89	$187.68	$197.32
190/195	200/205	Aug 28	$4.63	$0.37	12.51	$190.37	$204.63

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 165 found (best R:R 82.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$190.00	$195.00	$200.00	Aug 21	$0.08	$4.92	61.50
$227.50	$230.00	$232.50	Jul 17	$0.05	$2.45	49.00
$240.00	$242.50	$245.00	Jul 17	$0.05	$2.45	49.00
$252.50	$255.00	$257.50	Jul 31	$0.05	$2.45	49.00
$215.00	$220.00	$225.00	Aug 28	$0.11	$4.89	44.45

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$210.00	$215.00	$220.00	Aug 21	$0.06	$4.94	82.33
$180.00	$185.00	$190.00	Aug 21	$0.09	$4.91	54.56
$235.00	$240.00	$245.00	Aug 21	$0.09	$4.91	54.56
$187.50	$190.00	$192.50	Jul 17	$0.06	$2.44	40.67
$202.50	$205.00	$207.50	Jul 24	$0.06	$2.44	40.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 129 found (best net $-4.13, 124 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$255.00	$260.00	1:2	Aug 14	-$1.12	$3.88
$255.00	$260.00	1:2	Aug 7	-$1.29	$3.71
$250.00	$255.00	1:2	Aug 7	-$1.30	$3.70
$245.00	$250.00	1:2	Aug 7	-$1.81	$3.19
$255.00	$260.00	1:2	Aug 21	-$1.90	$3.10

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$240.00	$225.00	1:2	Aug 7	-$4.13	$10.87
$185.00	$180.00	1:2	Aug 7	-$0.26	$4.74
$190.00	$185.00	1:2	Aug 7	-$0.37	$4.63
$245.00	$230.00	1:2	Aug 28	-$10.38	$4.62
$195.00	$190.00	1:2	Aug 7	-$0.84	$4.16

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 77 found (best yield 6.12%, avg 1.94%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$220.00	Aug 28	$13.40	0.51	0.4%	6.12%	6.55%	181	690
$220.00	Aug 21	$12.45	0.51	0.4%	5.68%	6.12%	4.3K	1.4K
$225.00	Aug 28	$11.20	0.46	2.7%	5.11%	7.83%	71	551
$220.00	Aug 14	$11.15	0.51	0.4%	5.09%	5.52%	197	338
$220.00	Aug 7	$10.40	0.52	0.4%	4.75%	5.18%	115	277
$225.00	Aug 21	$10.15	0.45	2.7%	4.63%	7.35%	858	647
$230.00	Aug 28	$9.40	0.41	5.0%	4.29%	9.29%	42	252
$220.00	Jul 31	$9.10	0.51	0.4%	4.15%	4.59%	860	511
$225.00	Aug 14	$9.10	0.44	2.7%	4.15%	6.87%	324	321
$225.00	Aug 7	$8.40	0.45	2.7%	3.83%	6.55%	1.5K	1.4K

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 201,241

Total Puts 120,054

Put/Call Ratio 0.60

Net Difference 81,187

Prior's Put/Call Breakdown

Total Calls 166,718

Total Puts 113,348

Put/Call Ratio 0.68

Net Difference 53,370

Prior 7-Day Put/Call Summary

Total Calls 650,223

Total Puts 411,488

Average Put/Call Ratio 0.48

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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