IBM - Options Database

IBM

IBM CORP

$249.09 +2.38%

$248.61 (-0.19%)🌙

as of 09/14 06:41 PM

(9/14 16:00) ◀

Monday, September 14, 2026 (6:41pm)

▶ (9/15 18:41)

◀ 9/14 18:41 ▶

Option Volume

Detail

ℹ

Current (09/14) 97,859

Calls: 77,856 (80%)

Puts: 20,003 (20%)

Prior (09/11) 102,786

Calls: 82,766 (81%)

Puts: 20,020 (19%)

Current vs Prior -4.79%

Calls: -5.93% (Calls)

Puts: -0.08% (Puts)

Prior 7-Day Total 402,209

Calls: 291,122 (72%)

Puts: 111,087 (28%)

Prior 7-Day Average 57,458

Calls: 41,588 (72%)

Puts: 15,869 (28%)

Current vs Prior 7-Day Avg +70.31%

Calls: +87.20%

Puts: +26.05%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/14) $64.06M

Calls: $46.63M (73%)

Puts: $17.43M (27%)

Prior (09/11) $35.56M

Calls: $28.55M (80%)

Puts: $7.01M (20%)

Current vs Prior +80.14%

Calls: +63.30%

Puts: +148.72%

Prior 7-Day Total $206.94M

Calls: $113.10M (55%)

Puts: $93.84M (45%)

Prior 7-Day Average $29.56M

Calls: $16.16M (55%)

Puts: $13.41M (45%)

Current vs Prior 7-Day Avg +116.70%

Calls: +188.59%

Puts: +30.06%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/14) 0.26

Prior (09/11) 0.24

Current vs Prior +6.22%

Prior 7-Day Average 0.49

Current vs Prior 7-Day Avg -47.44%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/14) 471,048

Calls: 299,026 (63%)

Puts: 172,022 (37%)

Prior (09/11) 459,799

Calls: 283,612 (62%)

Puts: 176,187 (38%)

Current vs Prior +2.45%

Prior 7-Day Total 2,834,498

Calls: 1,708,512 (60%)

Puts: 1,125,986 (40%)

Prior 7-Day Average 404,928

Calls: 244,073 (60%)

Puts: 160,855 (40%)

Current vs Prior 7-Day Avg +16.33%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (09/18) | Next (09/25)Expiry (09/18) | Next (10/16)

Current 3.90% | 5.34%3.90% | 8.96%

Prior 4.42% | 6.00%4.42% | 9.51%

Current vs Prior -11.78% | -11.03%-11.78% | -5.71%

Prior 7-Day Avg 3.08% | 4.89%5.06% | 9.70%

Current vs 7-Day Avg +26.41% | +9.18%-22.91% | -7.53%

Prior 7-Day Eod 4.42% | 6.00%4.42% | 9.51%

Current vs 7-Day Eod -11.78% | -11.03%-11.78% | -5.71%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 12.35% | 12.93%

Calls: 12.55% | 11.11%

Puts: 12.14% | 14.75%

Prior 5.52% | 7.21%

Calls: 3.04% | 4.48%

Puts: 7.99% | 9.94%

Current vs Prior +123.73% | +79.33%

Prior 7-Day Avg 5.52% | 7.21%

Calls: 3.04% | 4.48%

Puts: 7.99% | 9.94%

Current vs 7-Day Avg +123.73% | +79.33%

Liquidity Expensive

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🤖 AI Insights

Moderately bullish flow with 73% call dollar volume ($46.63M). Elevated premium activity with dollar volume up 80% vs prior. Dollar volume significantly above 7-day average (117% higher). Extreme bullish P/C ratio of 0.26 - heavy call buying (77,856 calls vs 20,003 puts).

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

🎯

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 71 of results (avg 7.2%, best 2.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Oct 16	5.85	6.00	$5.93	2.5%	1.5K	0.36	4.7K
$240.00	Oct 16	15.20	15.75	$15.48	3.6%	628	0.68	3.3K
$250.00	Sep 18	3.75	3.90	$3.83	3.9%	13.1K	0.48	9.9K
$200.00	Sep 18	48.70	50.70	$49.70	4.0%	23	1.00	289
$250.00	Oct 16	9.70	10.10	$9.90	4.0%	2.2K	0.51	3.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$250.00	Oct 16	9.45	10.00	$9.73	5.7%	49	0.49	347
$295.00	Oct 16	44.65	47.35	$46.00	5.9%	2	0.92	--
$245.00	Oct 16	7.10	7.55	$7.32	6.1%	140	0.41	288
$280.00	Oct 16	30.45	32.70	$31.58	7.1%	1	0.85	--
$285.00	Oct 2	34.55	37.30	$35.92	7.7%	4	0.92	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 7 found (avg $0.53, cheapest $0.20)

CALLS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$270.00	Sep 18	0.25	0.29	$0.27	14.8%	2.1K	0.05	5.1K
$265.00	Sep 18	0.46	0.54	$0.50	16.0%	1.8K	0.10	1.8K
$262.50	Sep 18	0.65	0.76	$0.71	15.5%	210	0.13	--
$280.00	Oct 2	0.70	0.85	$0.77	19.5%	239	0.09	75

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Sep 18	0.18	0.21	$0.20	15.0%	373	0.04	5.9K
$237.50	Sep 18	0.63	0.75	$0.69	17.4%	202	0.13	506
$210.00	Oct 16	0.51	0.61	$0.56	17.9%	869	0.05	2.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 81 found (avg delta 0.78, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Sep 18	48.70	50.70	$49.70	4.0%	23	1.00	289
$210.00	Sep 18	38.70	40.80	$39.75	5.3%	82	1.00	707
$215.00	Sep 18	33.70	35.40	$34.55	4.9%	13	0.99	631
$220.00	Sep 18	28.50	30.50	$29.50	6.8%	143	0.98	3.7K
$207.50	Sep 18	41.20	43.30	$42.25	5.0%	2	0.98	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$285.00	Oct 2	34.55	37.30	$35.92	7.7%	4	0.92	--
$295.00	Oct 16	44.65	47.35	$46.00	5.9%	2	0.92	--
$265.00	Sep 18	14.75	17.30	$16.02	15.9%	6	0.91	402
$285.00	Oct 16	34.60	37.80	$36.20	8.8%	1	0.88	--
$280.00	Oct 16	30.45	32.70	$31.58	7.1%	1	0.85	--

Most actively traded options today. High liquidity = easy entry/exit. 230 active (total vol 76.7K, top 13.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$250.00	Sep 18	3.75	3.90	$3.83	3.9%	13.1K	0.48	9.9K
$260.00	Sep 18	0.96	1.04	$1.00	8.0%	6.7K	0.17	5.3K
$255.00	Sep 18	1.90	2.11	$2.01	10.4%	4.8K	0.30	3.3K
$245.00	Sep 18	6.40	6.80	$6.60	6.1%	3.7K	0.67	3.1K
$275.00	Oct 16	2.50	2.85	$2.68	13.1%	2.7K	0.19	3.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Sep 18	1.01	1.10	$1.06	8.5%	1.3K	0.18	2.4K
$210.00	Oct 16	0.51	0.61	$0.56	17.9%	869	0.05	2.3K
$225.00	Oct 16	1.65	1.90	$1.78	14.0%	818	0.14	905
$250.00	Sep 18	4.25	4.80	$4.53	12.1%	813	0.52	2.3K
$245.00	Sep 18	1.98	2.46	$2.22	21.6%	774	0.33	225

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 7 strikes (avg 20.1%, max 23.2%)

CALLS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$242.50	Sep 18	Oct 2	40.1%	32.5%	23.2%	412	1.2K
$257.50	Sep 18	Oct 2	42.8%	35.2%	21.7%	565	611
$247.50	Sep 18	Oct 2	38.6%	32.3%	19.6%	785	1.3K
$252.50	Sep 18	Oct 2	40.4%	35.1%	15.4%	1.8K	1.2K

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$242.50	Sep 18	Oct 2	40.1%	32.5%	23.2%	605	182
$247.50	Sep 18	Oct 2	38.6%	32.3%	19.6%	313	16
$255.00	Sep 18	Oct 16	41.3%	35.0%	18.0%	62	591

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 139 found (best R:R 0.69, avg 6.59)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$230.00	$232.50	Oct 2	$1.48	$1.02	$1.48	86%	0.69	$231.48
$260.00	$265.00	Oct 23	$1.36	$3.64	$1.36	42%	2.68	$261.36
$275.00	$280.00	Oct 23	$0.68	$4.32	$0.68	28%	6.35	$275.68
$285.00	$290.00	Oct 23	$0.47	$4.53	$0.47	21%	9.64	$285.47
$235.00	$240.00	Oct 23	$2.93	$2.07	$2.93	70%	0.71	$237.93

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$270.00	$265.00	Oct 16	$3.33	$1.67	$3.33	76%	0.50	$266.67
$255.00	$250.00	Oct 16	$2.47	$2.53	$2.47	57%	1.02	$252.53
$255.00	$252.50	Sep 18	$1.52	$0.98	$1.52	70%	0.64	$253.48
$220.00	$215.00	Oct 9	$0.20	$4.80	$0.20	8%	24.00	$219.80
$235.00	$230.00	Oct 23	$1.25	$3.75	$1.25	31%	3.00	$233.75

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 109 found (best R:R 0.69, avg 0.29)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$255.00	$260.00	Oct 23	$2.42	$2.42	$2.58	52%	0.94	$257.42
$265.00	$270.00	Oct 23	$1.87	$1.87	$3.13	63%	0.60	$266.87
$262.50	$265.00	Sep 25	$0.60	$0.60	$1.90	78%	0.32	$263.10
$255.00	$257.50	Oct 2	$1.07	$1.07	$1.43	60%	0.75	$256.07
$275.00	$280.00	Oct 2	$0.58	$0.58	$4.42	87%	0.13	$275.58

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$240.00	$235.00	Oct 23	$2.05	$2.05	$2.95	64%	0.69	$237.95
$235.00	$230.00	Oct 9	$1.22	$1.22	$3.78	77%	0.32	$233.78
$230.00	$225.00	Oct 23	$1.45	$1.45	$3.55	74%	0.41	$228.55
$245.00	$240.00	Oct 16	$2.12	$2.12	$2.88	59%	0.74	$242.88
$210.00	$200.00	Oct 9	$0.47	$0.47	$9.53	95%	0.05	$209.53

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 10 found (avg debit $1.90, cheapest $1.71)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$255.00	Sep 18	Sep 25	$1.71	41.3%	35.1%
$250.00	Sep 18	Sep 25	$2.00	40.9%	35.4%
$252.50	Sep 18	Sep 25	$1.90	40.4%	35.0%
$245.00	Sep 18	Sep 25	$2.08	38.9%	33.7%
$247.50	Sep 18	Sep 25	$2.02	38.6%	33.9%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$250.00	Sep 18	Sep 25	$1.57	40.9%	35.4%
$252.50	Sep 18	Sep 25	$1.37	40.4%	35.0%
$245.00	Sep 18	Sep 25	$1.58	38.9%	33.7%
$255.00	Sep 18	Oct 2	$3.05	41.3%	36.1%
$247.50	Sep 18	Sep 25	$1.72	38.6%	33.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 61 found (cheapest 3.36% of stock, avg 7.69%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$247.50	Sep 18	$5.18	$3.18	$8.36	$239.14	$255.86	3.36%
$250.00	Sep 18	$3.83	$4.53	$8.36	$241.64	$258.36	3.36%
$245.00	Sep 18	$6.60	$2.22	$8.82	$236.18	$253.82	3.54%
$252.50	Sep 18	$2.75	$6.13	$8.88	$243.62	$261.38	3.56%
$255.00	Sep 18	$2.01	$7.65	$9.66	$245.34	$264.66	3.88%
$242.50	Sep 18	$8.38	$1.57	$9.95	$232.55	$252.45	3.99%
$240.00	Sep 18	$10.45	$1.06	$11.51	$228.49	$251.51	4.62%
$250.00	Sep 25	$5.83	$6.10	$11.93	$238.07	$261.93	4.79%
$247.50	Sep 25	$7.20	$4.90	$12.10	$235.40	$259.60	4.86%
$252.50	Sep 25	$4.65	$7.50	$12.15	$240.35	$264.65	4.88%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.68% of stock, avg 3.86%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$260.00	$237.50	Sep 18	$1.00	$0.69	$1.69	$235.81	$261.69
$260.00	$240.00	Sep 18	$1.00	$1.06	$2.06	$237.94	$262.06
$257.50	$237.50	Sep 18	$1.50	$0.69	$2.19	$235.31	$259.69
$257.50	$240.00	Sep 18	$1.50	$1.06	$2.56	$237.44	$260.06
$260.00	$242.50	Sep 18	$1.00	$1.57	$2.57	$239.93	$262.57
$257.50	$242.50	Sep 18	$1.50	$1.57	$3.07	$239.43	$260.57
$255.00	$237.50	Sep 18	$2.01	$0.69	$2.70	$234.80	$257.70
$255.00	$240.00	Sep 18	$2.01	$1.06	$3.07	$236.93	$258.07
$275.00	$230.00	Oct 9	$1.78	$1.78	$3.56	$226.44	$278.56
$255.00	$242.50	Sep 18	$2.01	$1.57	$3.58	$238.92	$258.58

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 266 found (best R:R 0.89, avg credit $1.05)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
225/230	290/295	Oct 23	$2.35	$2.65	56%	0.89	$227.65	$292.35
218/220	262/265	Sep 25	$0.77	$1.73	73%	0.45	$219.23	$263.27
232/235	262/265	Sep 25	$1.03	$1.47	62%	0.70	$233.97	$263.53
218/220	268/270	Sep 25	$0.56	$1.94	80%	0.29	$219.44	$268.06
232/235	268/270	Sep 25	$0.82	$1.68	69%	0.49	$234.18	$268.32
205/210	290/295	Oct 23	$1.52	$3.48	71%	0.44	$208.48	$291.52
228/230	262/265	Sep 25	$0.79	$1.71	69%	0.46	$229.21	$263.29
222/225	262/265	Sep 25	$0.72	$1.78	72%	0.40	$224.28	$263.22
210/215	290/295	Oct 23	$1.63	$3.37	68%	0.48	$213.37	$291.63
238/240	262/265	Sep 25	$1.17	$1.33	53%	0.88	$238.83	$263.67

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 128 found (best R:R 82.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$235.00	$240.00	$245.00	Oct 9	$0.16	$4.84	17%	30.25
$240.00	$245.00	$250.00	Oct 16	$0.18	$4.82	17%	26.78
$245.00	$247.50	$250.00	Sep 18	$0.07	$2.43	19%	34.71
$250.00	$255.00	$260.00	Oct 16	$0.23	$4.77	15%	20.74
$240.00	$245.00	$250.00	Oct 23	$0.18	$4.82	12%	26.78

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$245.00	$250.00	$255.00	Oct 16	$0.06	$4.94	16%	82.33
$230.00	$235.00	$240.00	Oct 9	$0.21	$4.79	15%	22.81
$240.00	$245.00	$250.00	Oct 23	$0.12	$4.88	12%	40.67
$240.00	$245.00	$250.00	Oct 16	$0.29	$4.71	17%	16.24
$235.00	$240.00	$245.00	Oct 23	$0.15	$4.85	11%	32.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 128 found (best net $-0.56, 119 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$275.00	$280.00	1:2	Oct 2	-$0.19	$4.81
$265.00	$270.00	1:2	Sep 18	-$0.04	$4.96
$275.00	$280.00	1:2	Sep 25	-$0.02	$4.98
$290.00	$295.00	1:2	Oct 2	$0.00	$5.00
$270.00	$275.00	1:2	Sep 18	-$0.03	$4.97

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$235.00	$230.00	1:2	Oct 9	-$0.56	$4.44
$237.50	$235.00	1:2	Sep 18	-$0.19	$2.31
$235.00	$232.50	1:2	Sep 18	-$0.12	$2.38
$240.00	$237.50	1:2	Sep 18	-$0.32	$2.18
$260.00	$255.00	1:2	Sep 18	-$4.00	$1.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 59 found (best yield 4.90%, avg 1.40%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$255.00	Oct 23	$12.20	0.48	2.4%	4.90%	7.27%	22	23
$250.00	Oct 23	$14.10	0.53	0.4%	5.66%	6.03%	54	49
$265.00	Oct 23	$8.45	0.37	6.4%	3.39%	9.78%	9	65
$260.00	Oct 23	$9.50	0.42	4.4%	3.81%	8.19%	47	114
$270.00	Oct 23	$6.10	0.32	8.4%	2.45%	10.84%	37	79
$280.00	Oct 23	$4.70	0.25	12.4%	1.89%	14.30%	22	142
$275.00	Oct 23	$5.15	0.28	10.4%	2.07%	12.47%	13	58
$285.00	Oct 23	$3.80	0.21	14.4%	1.53%	15.94%	4	28
$290.00	Oct 23	$3.20	0.18	16.4%	1.28%	17.71%	5	11
$250.00	Oct 16	$9.70	0.51	0.4%	3.89%	4.26%	2.2K	3.4K

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 77,856

Total Puts 20,003

Put/Call Ratio 0.26

Net Difference 57,853

Prior's Put/Call Breakdown

Total Calls 82,766

Total Puts 20,020

Put/Call Ratio 0.24

Net Difference 62,746

Prior 7-Day Put/Call Summary

Total Calls 291,122

Total Puts 111,087

Average Put/Call Ratio 0.49

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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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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