IBM - Options Database

IBM

IBM CORP

$229.55 -3.45%

$230.11 (+0.24%)🌙

as of 09/18 06:35 PM

(9/16 16:00) ◀

Friday, September 18, 2026 (6:35pm)

▶ (9/21 18:36)

◀ 9/18 18:35 ▶

Option Volume

Detail

ℹ

Current (09/18) 69,389

Calls: 48,275 (70%)

Puts: 21,114 (30%)

Prior (09/15) 43,560

Calls: 28,931 (66%)

Puts: 14,629 (34%)

Current vs Prior +59.30%

Calls: +66.86% (Calls)

Puts: +44.33% (Puts)

Prior 7-Day Total 484,044

Calls: 363,402 (75%)

Puts: 120,642 (25%)

Prior 7-Day Average 69,149

Calls: 51,914 (75%)

Puts: 17,234 (25%)

Current vs Prior 7-Day Avg +0.35%

Calls: -7.01%

Puts: +22.51%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/18) $27.04M

Calls: $17.39M (64%)

Puts: $9.65M (36%)

Prior (09/15) $22.77M

Calls: $14.95M (66%)

Puts: $7.82M (34%)

Current vs Prior +18.75%

Calls: +16.30%

Puts: +23.43%

Prior 7-Day Total $225.97M

Calls: $154.98M (69%)

Puts: $70.99M (31%)

Prior 7-Day Average $32.28M

Calls: $22.14M (69%)

Puts: $10.14M (31%)

Current vs Prior 7-Day Avg -16.22%

Calls: -21.44%

Puts: -4.84%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/18) 0.44

Prior (09/15) 0.51

Current vs Prior -13.50%

Prior 7-Day Average 0.39

Current vs Prior 7-Day Avg +11.39%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/18) 439,833

Calls: 273,537 (62%)

Puts: 166,296 (38%)

Prior (09/15) 449,927

Calls: 284,704 (63%)

Puts: 165,223 (37%)

Current vs Prior -2.24%

Prior 7-Day Total 2,975,178

Calls: 1,816,477 (61%)

Puts: 1,158,701 (39%)

Prior 7-Day Average 425,025

Calls: 259,496 (61%)

Puts: 165,528 (39%)

Current vs Prior 7-Day Avg +3.48%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 1.48% | 4.11%1.48% | 8.33%

Prior 3.49% | 5.15%3.49% | 8.98%

Current vs Prior +17.55% | +9.47%-57.74% | -7.22%

Prior 7-Day Avg 3.49% | 5.25%4.58% | 9.49%

Current vs 7-Day Avg +17.63% | +7.39%-67.74% | -12.21%

Prior 7-Day Eod 3.49% | 5.15%3.49% | 8.98%

Current vs 7-Day Eod +17.55% | +9.47%-57.74% | -7.22%

Sentiment BEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Prior 12.35% | 12.93%

Calls: 12.55% | 11.11%

Puts: 12.14% | 14.75%

Current vs Prior +45.67% | -25.52%

Prior 7-Day Avg 7.47% | 8.84%

Calls: 5.76% | 6.37%

Puts: 9.18% | 11.31%

Current vs 7-Day Avg +140.78% | +8.88%

Liquidity Expensive

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Moderately bullish flow with 64% call dollar volume ($17.39M). Above-average activity with volume up 59% vs prior. Extreme bullish P/C ratio of 0.44 - heavy call buying (48,275 calls vs 21,114 puts). Call-heavy open interest (273,537 calls vs 166,296 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

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📈 Debit Spreads

📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

🦅 Iron Condors

🦋 Butterflies

⚖️ Ratio Spreads

🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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High Delta

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 51 of results (avg 8.1%, best 5.1%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 16	4.55	4.80	$4.68	5.3%	596	0.34	3.5K
$190.00	Oct 16	39.85	42.35	$41.10	6.1%	2	0.97	--
$232.50	Sep 25	2.75	2.93	$2.84	6.3%	529	0.41	76
$190.00	Sep 18	38.80	41.45	$40.13	6.6%	5	1.00	224
$185.00	Sep 25	43.90	46.95	$45.43	6.7%	4	0.98	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$275.00	Oct 16	43.65	45.95	$44.80	5.1%	1	0.96	--
$230.00	Oct 23	12.20	12.85	$12.52	5.2%	29	0.47	24
$270.00	Oct 16	38.45	41.15	$39.80	6.8%	3	0.94	684
$230.00	Oct 30	12.80	13.75	$13.28	7.2%	17	0.47	29
$260.00	Sep 18	28.60	30.75	$29.68	7.2%	4	1.00	203

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.56, cheapest $0.24)

CALLS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$250.00	Sep 25	0.22	0.26	$0.24	16.7%	1.4K	0.05	1.1K
$250.00	Oct 2	0.86	0.99	$0.93	14.0%	334	0.12	610
$275.00	Oct 16	0.40	0.48	$0.44	18.2%	376	0.05	3.1K
$270.00	Oct 16	0.60	0.65	$0.63	7.9%	370	0.06	2.2K

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 102 found (avg delta 0.82, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$190.00	Sep 18	38.80	41.45	$40.13	6.6%	5	1.00	224
$195.00	Sep 18	33.95	36.70	$35.33	7.8%	7	1.00	165
$200.00	Sep 18	29.00	31.40	$30.20	7.9%	116	1.00	381
$190.00	Sep 25	39.10	41.95	$40.53	7.0%	4	1.00	--
$210.00	Sep 18	19.40	21.40	$20.40	9.8%	6	1.00	704

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Sep 18	4.00	6.20	$5.10	43.1%	792	1.00	1.9K
$237.50	Sep 18	6.10	8.50	$7.30	32.9%	119	1.00	596
$240.00	Sep 18	9.05	11.30	$10.18	22.1%	151	1.00	3.0K
$242.50	Sep 18	11.10	13.35	$12.23	18.4%	31	1.00	995
$245.00	Sep 18	13.55	15.80	$14.68	15.3%	40	1.00	671

Most actively traded options today. High liquidity = easy entry/exit. 264 active (total vol 56.5K, top 3.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$232.50	Sep 18	0.00	0.21	$0.11	190.9%	3.6K	0.10	411
$230.00	Sep 18	0.05	0.21	$0.13	123.1%	3.5K	0.29	5.0K
$235.00	Sep 25	1.87	2.10	$1.99	11.6%	2.2K	0.32	178
$235.00	Sep 18	0.00	0.01	$0.01	100.0%	2.1K	0.01	1.3K
$240.00	Sep 25	0.80	1.00	$0.90	22.2%	2.0K	0.17	636

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Sep 18	0.22	0.83	$0.53	115.1%	2.3K	0.73	6.1K
$232.50	Sep 18	1.69	3.35	$2.52	65.9%	962	0.91	988
$207.50	Sep 25	0.04	0.44	$0.24	166.7%	919	0.04	40
$220.00	Sep 25	0.63	0.90	$0.77	35.1%	894	0.15	408
$227.50	Sep 18	0.00	0.30	$0.15	200.0%	841	0.14	631

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

No setups found for this strategy

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 136 found (best R:R 0.74, avg 6.47)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$215.00	$230.00	Oct 30	$8.63	$6.37	$8.63	71%	0.74	$223.63
$250.00	$255.00	Oct 30	$0.80	$4.20	$0.80	32%	5.25	$250.80
$220.00	$225.00	Oct 9	$2.95	$2.05	$2.95	74%	0.69	$222.95
$265.00	$270.00	Oct 30	$0.44	$4.56	$0.44	20%	10.36	$265.44
$255.00	$260.00	Oct 23	$0.73	$4.27	$0.73	26%	5.85	$255.73

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$245.00	$242.50	Oct 2	$1.47	$1.03	$1.47	82%	0.70	$243.53
$242.50	$240.00	Sep 25	$1.67	$0.83	$1.67	89%	0.50	$240.83
$235.00	$230.00	Oct 23	$2.28	$2.72	$2.28	53%	1.19	$232.72
$230.00	$227.50	Sep 18	$0.38	$2.12	$0.38	73%	5.58	$229.62
$235.00	$230.00	Oct 30	$2.30	$2.70	$2.30	53%	1.17	$232.70

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 103 found (best R:R 0.27, avg 0.28)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$255.00	$260.00	Oct 30	$1.37	$1.37	$3.63	72%	0.38	$256.37
$237.50	$240.00	Sep 25	$0.56	$0.56	$1.94	76%	0.29	$238.06
$250.00	$255.00	Oct 23	$1.45	$1.45	$3.55	69%	0.41	$251.45
$232.50	$235.00	Sep 18	$0.10	$0.10	$2.40	90%	0.04	$232.60
$230.00	$232.50	Sep 25	$1.19	$1.19	$1.31	50%	0.91	$231.19

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$205.00	$200.00	Sep 18	$1.06	$1.06	$3.94	90%	0.27	$203.94
$215.00	$210.00	Oct 23	$1.83	$1.83	$3.17	71%	0.58	$213.17
$225.00	$220.00	Oct 30	$2.28	$2.28	$2.72	59%	0.84	$222.72
$225.00	$220.00	Oct 9	$1.91	$1.91	$3.09	62%	0.62	$223.09
$215.00	$210.00	Oct 30	$1.60	$1.60	$3.40	71%	0.47	$213.40

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 74 found (cheapest 0.29% of stock, avg 7.22%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$230.00	Sep 18	$0.13	$0.53	$0.66	$229.34	$230.66	0.29%
$232.50	Sep 18	$0.11	$2.52	$2.63	$229.87	$235.13	1.15%
$227.50	Sep 18	$2.86	$0.15	$3.01	$224.49	$230.51	1.31%
$235.00	Sep 18	$0.01	$5.10	$5.11	$229.89	$240.11	2.23%
$225.00	Sep 18	$5.58	$0.01	$5.59	$219.41	$230.59	2.44%
$237.50	Sep 18	$0.03	$7.30	$7.33	$230.17	$244.83	3.19%
$222.50	Sep 18	$7.75	$0.01	$7.76	$214.74	$230.26	3.38%
$230.00	Sep 25	$4.03	$3.95	$7.98	$222.02	$237.98	3.48%
$227.50	Sep 25	$5.48	$2.71	$8.19	$219.31	$235.69	3.57%
$232.50	Sep 25	$2.84	$5.35	$8.19	$224.31	$240.69	3.57%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 154 found (cheapest 0.11% of stock, avg 4.10%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$232.50	$227.50	Sep 18	$0.11	$0.15	$0.26	$227.24	$232.76
$230.00	$227.50	Sep 18	$0.13	$0.15	$0.28	$227.22	$230.28
$232.50	$205.00	Sep 18	$0.11	$1.07	$1.18	$203.82	$233.68
$230.00	$205.00	Sep 18	$0.13	$1.07	$1.20	$203.80	$231.20
$242.50	$220.00	Sep 25	$0.67	$0.77	$1.44	$218.56	$243.94
$240.00	$220.00	Sep 25	$0.90	$0.77	$1.67	$218.33	$241.67
$242.50	$222.50	Sep 25	$0.67	$1.23	$1.90	$220.60	$244.40
$255.00	$210.00	Oct 9	$1.17	$0.99	$2.16	$207.84	$257.16
$240.00	$222.50	Sep 25	$0.90	$1.23	$2.13	$220.37	$242.13
$237.50	$220.00	Sep 25	$1.46	$0.77	$2.23	$217.77	$239.73

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 217 found (best R:R 1.91, avg credit $1.21)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
210/215	250/255	Oct 23	$3.28	$1.72	40%	1.91	$211.72	$253.28
200/205	232/235	Sep 18	$1.16	$3.84	80%	0.30	$203.84	$233.66
210/215	260/265	Oct 23	$2.67	$2.33	49%	1.15	$212.33	$262.67
210/215	265/270	Oct 23	$2.46	$2.54	53%	0.97	$212.54	$267.46
210/215	255/260	Oct 30	$2.97	$2.03	42%	1.46	$212.03	$257.97
210/215	270/275	Oct 23	$2.28	$2.72	56%	0.84	$212.72	$272.28
200/205	255/260	Oct 30	$2.40	$2.60	53%	0.92	$202.60	$257.40
190/195	255/260	Oct 30	$2.01	$2.99	60%	0.67	$192.99	$257.01
205/208	238/240	Sep 25	$0.72	$1.78	72%	0.40	$206.78	$238.22
215/218	252/255	Oct 2	$0.71	$1.79	72%	0.40	$216.79	$253.21

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 137 found (best R:R 9.42, cheapest $0.06)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$245.00	$250.00	$255.00	Oct 16	$0.08	$4.92	11%	61.50
$230.00	$235.00	$240.00	Oct 9	$0.33	$4.67	20%	14.15
$240.00	$245.00	$250.00	Oct 30	$0.09	$4.91	10%	54.56
$230.00	$235.00	$240.00	Oct 30	$0.14	$4.86	11%	34.71
$215.00	$220.00	$225.00	Oct 16	$0.33	$4.67	18%	14.15

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$225.00	$227.50	$230.00	Sep 18	$0.24	$2.26	72%	9.42
$230.00	$235.00	$240.00	Oct 9	$0.18	$4.82	20%	26.78
$220.00	$225.00	$230.00	Oct 9	$0.27	$4.73	23%	17.52
$235.00	$240.00	$245.00	Oct 16	$0.27	$4.73	17%	17.52
$215.00	$220.00	$225.00	Oct 23	$0.16	$4.84	12%	30.25

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 148 found (best net $-5.52, 136 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$215.00	$230.00	1:2	Oct 30	-$5.52	$9.48
$225.00	$227.50	1:2	Sep 18	-$0.14	$2.36
$230.00	$232.50	1:2	Sep 18	-$0.09	$2.41
$237.50	$240.00	1:2	Sep 25	-$0.34	$2.16
$255.00	$260.00	1:2	Oct 9	-$0.35	$4.65

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$250.00	$235.00	1:2	Oct 30	-$5.68	$9.32
$225.00	$220.00	1:2	Oct 9	-$0.88	$4.12
$215.00	$210.00	1:2	Oct 9	-$0.22	$4.78
$220.00	$215.00	1:2	Oct 9	-$0.73	$4.27
$205.00	$200.00	1:2	Oct 9	-$0.04	$4.96

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 58 found (best yield 5.90%, avg 1.56%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$230.00	Oct 30	$13.55	0.53	0.2%	5.90%	6.10%	37	25
$235.00	Oct 30	$11.20	0.47	2.4%	4.88%	7.25%	39	6
$240.00	Oct 30	$9.10	0.42	4.5%	3.96%	8.52%	29	69
$245.00	Oct 30	$7.50	0.37	6.7%	3.27%	10.00%	55	63
$235.00	Oct 23	$10.50	0.47	2.4%	4.57%	6.95%	83	39
$230.00	Oct 23	$12.55	0.53	0.2%	5.47%	5.66%	59	33
$240.00	Oct 23	$8.45	0.41	4.5%	3.68%	8.23%	34	125
$245.00	Oct 23	$6.85	0.36	6.7%	2.98%	9.71%	33	70
$255.00	Oct 30	$5.15	0.28	11.1%	2.24%	13.33%	6	111
$250.00	Oct 30	$5.45	0.32	8.9%	2.37%	11.28%	327	109

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 48,275

Total Puts 21,114

Put/Call Ratio 0.44

Net Difference 27,161

Prior's Put/Call Breakdown

Total Calls 28,931

Total Puts 14,629

Put/Call Ratio 0.51

Net Difference 14,302

Prior 7-Day Put/Call Summary

Total Calls 363,402

Total Puts 120,642

Average Put/Call Ratio 0.39

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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