IBM - Options Database

IBM

IBM CORP

$248.37 -0.29%

$248.11 (-0.10%)🌙

as of 09/15 06:41 PM

(9/14 18:41) ◀

Tuesday, September 15, 2026 (6:41pm)

▶

◀ 9/15 18:41

Option Volume

Detail

ℹ

Current (09/15) 43,560

Calls: 28,931 (66%)

Puts: 14,629 (34%)

Prior (09/14) 97,859

Calls: 77,856 (80%)

Puts: 20,003 (20%)

Current vs Prior -55.49%

Calls: -62.84% (Calls)

Puts: -26.87% (Puts)

Prior 7-Day Total 474,574

Calls: 353,068 (74%)

Puts: 121,506 (26%)

Prior 7-Day Average 67,796

Calls: 50,438 (74%)

Puts: 17,358 (26%)

Current vs Prior 7-Day Avg -35.75%

Calls: -42.64%

Puts: -15.72%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/15) $22.77M

Calls: $14.95M (66%)

Puts: $7.82M (34%)

Prior (09/14) $64.06M

Calls: $46.63M (73%)

Puts: $17.43M (27%)

Current vs Prior -64.45%

Calls: -67.93%

Puts: -55.15%

Prior 7-Day Total $241.81M

Calls: $148.41M (61%)

Puts: $93.40M (39%)

Prior 7-Day Average $34.54M

Calls: $21.20M (61%)

Puts: $13.34M (39%)

Current vs Prior 7-Day Avg -34.07%

Calls: -29.46%

Puts: -41.39%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/15) 0.51

Prior (09/14) 0.26

Current vs Prior +96.81%

Prior 7-Day Average 0.44

Current vs Prior 7-Day Avg +15.08%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/15) 449,927

Calls: 284,704 (63%)

Puts: 165,223 (37%)

Prior (09/14) 471,048

Calls: 299,026 (63%)

Puts: 172,022 (37%)

Current vs Prior -4.48%

Prior 7-Day Total 2,929,812

Calls: 1,773,336 (61%)

Puts: 1,156,476 (39%)

Prior 7-Day Average 418,544

Calls: 253,333 (61%)

Puts: 165,210 (39%)

Current vs Prior 7-Day Avg +7.50%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 3.49% | 5.15%3.49% | 8.98%

Prior 3.90% | 5.34%3.90% | 8.96%

Current vs Prior -10.35% | -3.63%-10.35% | +0.20%

Prior 7-Day Avg 3.27% | 5.06%4.83% | 9.58%

Current vs 7-Day Avg +6.81% | +1.64%-27.64% | -6.20%

Prior 7-Day Eod 3.90% | 5.34%3.90% | 8.96%

Current vs 7-Day Eod -10.35% | -3.63%-10.35% | +0.20%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 12.35% | 12.93%

Calls: 12.55% | 11.11%

Puts: 12.14% | 14.75%

Prior 12.35% | 12.93%

Calls: 12.55% | 11.11%

Puts: 12.14% | 14.75%

Current vs Prior +0.00% | +0.00%

Prior 7-Day Avg 6.50% | 8.03%

Calls: 4.40% | 5.43%

Puts: 8.58% | 10.63%

Current vs 7-Day Avg +90.13% | +61.08%

Liquidity Expensive

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Moderately bullish flow with 66% call dollar volume ($14.95M). Light premium activity with dollar volume down 64% vs prior. Below-average activity with volume down 55% vs prior. Bullish P/C ratio of 0.51.

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

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Best Value <$1

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 62 of results (avg 7.8%, best 3.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Sep 18	47.40	48.95	$48.18	3.2%	25	1.00	283
$205.00	Oct 16	43.40	45.25	$44.33	4.2%	2	0.94	243
$245.00	Oct 16	11.70	12.25	$11.98	4.6%	152	0.57	930
$200.00	Oct 16	47.75	50.10	$48.93	4.8%	2	1.00	169
$210.00	Oct 16	38.60	40.50	$39.55	4.8%	1	0.93	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$255.00	Oct 30	17.70	18.90	$18.30	6.6%	1	0.54	--
$250.00	Oct 30	14.95	16.05	$15.50	7.1%	4	0.48	--
$270.00	Oct 30	26.90	29.10	$28.00	7.9%	2	0.67	--
$260.00	Oct 23	19.85	21.50	$20.68	8.0%	7	0.60	3
$250.00	Oct 16	9.90	10.75	$10.33	8.2%	73	0.51	355

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.74, cheapest $0.61)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Sep 18	0.56	0.65	$0.61	14.8%	2.4K	0.13	6.1K
$285.00	Oct 9	0.75	0.88	$0.82	15.9%	5	0.08	28

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Sep 18	0.85	1.01	$0.93	17.2%	1.1K	0.18	3.0K
$200.00	Oct 16	0.31	0.35	$0.33	12.1%	78	0.03	3.5K
$215.00	Oct 16	0.90	1.08	$0.99	18.2%	89	0.08	2.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 87 found (avg delta 0.75, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Sep 18	47.40	48.95	$48.18	3.2%	25	1.00	283
$205.00	Sep 18	41.50	44.05	$42.78	6.0%	8	1.00	311
$207.50	Sep 18	38.90	42.10	$40.50	7.9%	10	1.00	--
$210.00	Sep 18	36.80	39.10	$37.95	6.1%	9	1.00	706
$212.50	Sep 18	33.90	36.70	$35.30	7.9%	8	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Sep 18	11.75	13.85	$12.80	16.4%	6	0.87	743
$257.50	Sep 18	9.50	11.20	$10.35	16.4%	1	0.82	--
$270.00	Oct 16	22.85	25.45	$24.15	10.8%	1	0.78	--
$260.00	Sep 25	12.65	14.35	$13.50	12.6%	1	0.78	6
$255.00	Sep 18	7.40	8.85	$8.13	17.8%	8	0.75	110

Most actively traded options today. High liquidity = easy entry/exit. 251 active (total vol 33.1K, top 4.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$255.00	Sep 18	1.29	1.42	$1.36	9.6%	4.0K	0.25	4.4K
$250.00	Sep 18	2.80	3.05	$2.93	8.5%	2.6K	0.43	5.4K
$260.00	Sep 18	0.56	0.65	$0.61	14.8%	2.4K	0.13	6.1K
$270.00	Sep 18	0.12	0.26	$0.19	73.7%	1.9K	0.04	5.3K
$252.50	Sep 18	1.89	2.13	$2.01	11.9%	1.3K	0.33	1.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Sep 18	0.85	1.01	$0.93	17.2%	1.1K	0.18	3.0K
$242.50	Sep 18	1.22	1.63	$1.42	28.9%	874	0.26	587
$250.00	Sep 18	4.20	4.90	$4.55	15.4%	843	0.56	2.4K
$222.50	Sep 18	0.04	0.12	$0.08	100.0%	603	0.02	1.6K
$217.50	Sep 18	0.01	0.08	$0.05	140.0%	524	0.01	659

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 20.6%, max 23.2%)

CALLS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$257.50	Sep 18	Oct 2	42.7%	34.7%	23.2%	447	664
$247.50	Sep 18	Oct 2	41.1%	33.7%	21.8%	330	1.3K
$242.50	Sep 18	Oct 2	41.2%	34.3%	20.2%	248	1.2K
$252.50	Sep 18	Oct 2	41.9%	35.4%	18.5%	1.3K	1.2K

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$247.50	Sep 18	Oct 2	41.1%	33.7%	21.8%	277	257
$242.50	Sep 18	Oct 2	41.2%	34.3%	20.2%	876	587
$252.50	Sep 18	Oct 2	41.9%	35.4%	18.5%	197	26

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 161 found (best R:R 0.54, avg 6.42)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$232.50	$235.00	Sep 18	$1.62	$0.88	$1.62	94%	0.54	$234.12
$270.00	$285.00	Oct 30	$2.95	$12.05	$2.95	33%	4.08	$272.95
$290.00	$295.00	Oct 30	$0.22	$4.78	$0.22	19%	21.73	$290.22
$260.00	$265.00	Oct 30	$1.37	$3.63	$1.37	42%	2.65	$261.37
$250.00	$255.00	Oct 23	$1.82	$3.18	$1.82	51%	1.75	$251.82

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$250.00	$245.00	Oct 23	$2.07	$2.93	$2.07	49%	1.42	$247.93
$250.00	$245.00	Oct 30	$2.12	$2.88	$2.12	48%	1.36	$247.88
$252.50	$250.00	Oct 2	$1.23	$1.27	$1.23	57%	1.03	$251.27
$215.00	$210.00	Oct 9	$0.13	$4.87	$0.13	6%	37.46	$214.87
$235.00	$232.50	Sep 25	$0.28	$2.22	$0.28	17%	7.93	$234.72

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 122 found (best R:R 0.75, avg 0.30)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$275.00	$280.00	Oct 23	$1.35	$1.35	$3.65	73%	0.37	$276.35
$250.00	$252.50	Sep 25	$1.17	$1.17	$1.33	54%	0.88	$251.17
$255.00	$260.00	Oct 23	$2.23	$2.23	$2.77	54%	0.81	$257.23
$270.00	$275.00	Oct 2	$0.62	$0.62	$4.38	85%	0.14	$270.62
$252.50	$255.00	Oct 2	$1.08	$1.08	$1.42	57%	0.76	$253.58

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$235.00	$230.00	Oct 30	$2.15	$2.15	$2.85	67%	0.75	$232.85
$220.00	$210.00	Oct 30	$1.87	$1.87	$8.13	81%	0.23	$218.13
$230.00	$220.00	Oct 30	$2.65	$2.65	$7.35	72%	0.36	$227.35
$230.00	$225.00	Oct 23	$1.58	$1.58	$3.42	72%	0.46	$228.42
$240.00	$235.00	Oct 23	$2.10	$2.10	$2.90	62%	0.72	$237.90

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $2.00, cheapest $1.93)

CALLS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$245.00	Sep 18	Sep 25	$1.93	41.2%	34.5%
$247.50	Sep 18	Sep 25	$2.05	41.1%	34.5%
$252.50	Sep 18	Sep 25	$1.89	41.9%	35.6%
$250.00	Sep 18	Sep 25	$2.14	41.8%	36.6%

PUTS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$245.00	Sep 18	Sep 25	$1.98	41.2%	34.5%
$247.50	Sep 18	Sep 25	$2.10	41.1%	34.5%
$252.50	Sep 18	Sep 25	$1.85	41.9%	35.6%
$250.00	Sep 18	Sep 25	$2.05	41.8%	36.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 70 found (cheapest 2.97% of stock, avg 7.88%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$247.50	Sep 18	$4.13	$3.25	$7.38	$240.12	$254.88	2.97%
$250.00	Sep 18	$2.93	$4.55	$7.48	$242.52	$257.48	3.01%
$245.00	Sep 18	$5.65	$2.22	$7.87	$237.13	$252.87	3.17%
$252.50	Sep 18	$2.01	$6.28	$8.29	$244.21	$260.79	3.34%
$242.50	Sep 18	$7.35	$1.42	$8.77	$233.73	$251.27	3.53%
$255.00	Sep 18	$1.36	$8.13	$9.49	$245.51	$264.49	3.82%
$240.00	Sep 18	$9.20	$0.93	$10.13	$229.87	$250.13	4.08%
$257.50	Sep 18	$0.88	$10.35	$11.23	$246.27	$268.73	4.52%
$247.50	Sep 25	$6.18	$5.35	$11.53	$235.97	$259.03	4.64%
$250.00	Sep 25	$5.07	$6.60	$11.67	$238.33	$261.67	4.70%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.49% of stock, avg 4.47%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$260.00	$237.50	Sep 18	$0.61	$0.61	$1.22	$236.28	$261.22
$257.50	$237.50	Sep 18	$0.88	$0.61	$1.49	$236.01	$258.99
$260.00	$240.00	Sep 18	$0.61	$0.93	$1.54	$238.46	$261.54
$257.50	$240.00	Sep 18	$0.88	$0.93	$1.81	$238.19	$259.31
$255.00	$237.50	Sep 18	$1.36	$0.61	$1.97	$235.53	$256.97
$260.00	$242.50	Sep 18	$0.61	$1.42	$2.03	$240.47	$262.03
$255.00	$240.00	Sep 18	$1.36	$0.93	$2.29	$237.71	$257.29
$257.50	$242.50	Sep 18	$0.88	$1.42	$2.30	$240.20	$259.80
$255.00	$242.50	Sep 18	$1.36	$1.42	$2.78	$239.72	$257.78
$252.50	$237.50	Sep 18	$2.01	$0.61	$2.62	$234.88	$255.12

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 300 found (best R:R 1.70, avg credit $1.19)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
230/235	285/290	Oct 30	$3.15	$1.85	45%	1.70	$231.85	$288.15
225/230	275/280	Oct 23	$2.93	$2.07	46%	1.42	$227.07	$277.93
230/235	275/280	Oct 23	$3.15	$1.85	40%	1.70	$231.85	$278.15
210/215	275/280	Oct 23	$2.17	$2.83	58%	0.77	$212.83	$277.17
225/228	265/268	Sep 25	$0.63	$1.87	78%	0.34	$226.87	$265.63
225/228	260/262	Sep 25	$0.81	$1.69	70%	0.48	$226.69	$260.81
205/208	265/268	Sep 25	$0.45	$2.05	83%	0.22	$207.05	$265.45
225/228	268/270	Sep 25	$0.49	$2.01	81%	0.24	$227.01	$267.99
205/208	260/262	Sep 25	$0.63	$1.87	75%	0.34	$206.87	$260.63
205/210	275/280	Oct 23	$1.93	$3.07	62%	0.63	$208.07	$276.93

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 135 found (best R:R 21.73, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$230.00	$235.00	$240.00	Oct 9	$0.22	$4.78	15%	21.73
$230.00	$235.00	$240.00	Oct 16	$0.18	$4.82	14%	26.78
$235.00	$240.00	$245.00	Oct 9	$0.30	$4.70	18%	15.67
$245.00	$250.00	$255.00	Oct 9	$0.32	$4.68	18%	14.62
$242.50	$245.00	$247.50	Sep 18	$0.18	$2.32	20%	12.89

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$235.00	$240.00	$245.00	Oct 23	$0.13	$4.87	11%	37.46
$220.00	$225.00	$230.00	Oct 9	$0.11	$4.89	9%	44.45
$250.00	$252.50	$255.00	Sep 18	$0.12	$2.38	19%	19.83
$250.00	$255.00	$260.00	Oct 16	$0.28	$4.72	15%	16.86
$240.00	$245.00	$250.00	Oct 16	$0.32	$4.68	16%	14.62

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 135 found (best net $-15.17, 128 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$200.00	$220.00	1:2	Oct 23	-$15.17	$4.83
$270.00	$285.00	1:2	Oct 30	-$1.80	$13.20
$285.00	$295.00	1:2	Oct 9	-$0.08	$9.92
$270.00	$275.00	1:2	Oct 2	-$0.24	$4.76
$280.00	$285.00	1:2	Oct 2	-$0.10	$4.90

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$220.00	$210.00	1:2	Oct 30	-$0.64	$9.36
$270.00	$255.00	1:2	Oct 30	-$8.60	$6.40
$230.00	$220.00	1:2	Oct 30	-$1.73	$8.27
$220.00	$215.00	1:2	Oct 9	-$0.15	$4.85
$227.50	$225.00	1:2	Sep 25	-$0.01	$2.49

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 63 found (best yield 4.19%, avg 1.54%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$260.00	Oct 30	$10.40	0.42	4.7%	4.19%	8.87%	5	51
$255.00	Oct 30	$12.20	0.46	2.7%	4.91%	7.58%	20	82
$250.00	Oct 30	$14.30	0.51	0.7%	5.76%	6.41%	30	82
$265.00	Oct 30	$8.75	0.37	6.7%	3.52%	10.22%	12	15
$255.00	Oct 23	$11.50	0.46	2.7%	4.63%	7.30%	43	36
$270.00	Oct 30	$7.35	0.33	8.7%	2.96%	11.67%	25	105
$250.00	Oct 23	$12.95	0.51	0.7%	5.21%	5.87%	12	62
$260.00	Oct 23	$8.60	0.40	4.7%	3.46%	8.15%	17	120
$270.00	Oct 23	$6.35	0.31	8.7%	2.56%	11.27%	16	--
$265.00	Oct 23	$7.15	0.35	6.7%	2.88%	9.57%	5	--

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 28,931

Total Puts 14,629

Put/Call Ratio 0.51

Net Difference 14,302

Prior's Put/Call Breakdown

Total Calls 77,856

Total Puts 20,003

Put/Call Ratio 0.26

Net Difference 57,853

Prior 7-Day Put/Call Summary

Total Calls 353,068

Total Puts 121,506

Average Put/Call Ratio 0.44

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

🤖 AI Insights

📈 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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