IBM - Options Database

IBM

IBM CORP

$231.93 +1.04%

$231.14 (-0.34%)🌙

as of 09/21 06:36 PM

(9/18 18:35) ◀

Monday, September 21, 2026 (6:36pm)

▶

◀ 9/21 18:36

Option Volume

Detail

ℹ

Current (09/21) 44,119

Calls: 33,675 (76%)

Puts: 10,444 (24%)

Prior (09/18) 69,389

Calls: 48,275 (70%)

Puts: 21,114 (30%)

Current vs Prior -36.42%

Calls: -30.24% (Calls)

Puts: -50.54% (Puts)

Prior 7-Day Total 519,001

Calls: 389,470 (75%)

Puts: 129,531 (25%)

Prior 7-Day Average 74,143

Calls: 55,638 (75%)

Puts: 18,504 (25%)

Current vs Prior 7-Day Avg -40.49%

Calls: -39.48%

Puts: -43.56%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/21) $23.39M

Calls: $18.26M (78%)

Puts: $5.13M (22%)

Prior (09/18) $27.04M

Calls: $17.39M (64%)

Puts: $9.65M (36%)

Current vs Prior -13.52%

Calls: +5.00%

Puts: -46.89%

Prior 7-Day Total $235.70M

Calls: $165.52M (70%)

Puts: $70.18M (30%)

Prior 7-Day Average $33.67M

Calls: $23.65M (70%)

Puts: $10.03M (30%)

Current vs Prior 7-Day Avg -30.54%

Calls: -22.77%

Puts: -48.87%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/21) 0.31

Prior (09/18) 0.44

Current vs Prior -29.09%

Prior 7-Day Average 0.38

Current vs Prior 7-Day Avg -17.64%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/21) 365,226

Calls: 224,409 (61%)

Puts: 140,817 (39%)

Prior (09/18) 439,833

Calls: 273,537 (62%)

Puts: 166,296 (38%)

Current vs Prior -16.96%

Prior 7-Day Total 3,057,712

Calls: 1,885,522 (62%)

Puts: 1,172,190 (38%)

Prior 7-Day Average 436,816

Calls: 269,360 (62%)

Puts: 167,455 (38%)

Current vs Prior 7-Day Avg -16.39%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)

Current 3.80% | 5.41%7.83% | 14.78%

Prior 4.11% | 5.63%1.48% | 8.33%

Current vs Prior -7.43% | -3.93%+430.19% | +77.30%

Prior 7-Day Avg 3.56% | 5.32%4.06% | 9.33%

Current vs 7-Day Avg +6.84% | +1.77%+93.07% | +58.34%

Prior 7-Day Eod 4.11% | 5.63%1.48% | 8.33%

Current vs 7-Day Eod -7.43% | -3.93%+430.19% | +77.30%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior +0.00% | +0.00%

Prior 7-Day Avg 9.25% | 9.19%

Calls: 6.95% | 6.89%

Puts: 11.55% | 11.49%

Current vs 7-Day Avg +94.43% | +4.79%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 78% of dollar volume in calls ($18.26M) vs puts ($5.13M). Extreme bullish P/C ratio of 0.31 - heavy call buying (33,675 calls vs 10,444 puts). P/C ratio dropping 29% - sentiment shifting bullish. Call-heavy open interest (224,409 calls vs 140,817 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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💰 Best Value Under $1

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📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

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⚖️ Ratio Spreads

🛡️ Covered Calls

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Tightest Spreads

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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 37 of results (avg 7.8%, best 3.9%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$247.50	Oct 2	1.24	1.29	$1.27	3.9%	31	0.16	70
$240.00	Oct 16	5.10	5.35	$5.23	4.8%	501	0.37	3.3K
$200.00	Oct 16	31.75	33.50	$32.63	5.4%	1	0.93	179
$235.00	Oct 2	4.30	4.55	$4.43	5.6%	1.0K	0.43	600
$247.50	Sep 25	0.31	0.33	$0.32	6.3%	111	0.07	391

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 16	6.80	7.20	$7.00	5.7%	78	0.45	941
$275.00	Oct 16	42.55	45.30	$43.93	6.3%	7	0.95	133
$265.00	Oct 16	33.10	35.35	$34.23	6.6%	2	0.91	122
$250.00	Oct 16	19.80	21.30	$20.55	7.3%	10	0.78	384
$265.00	Oct 23	34.85	37.55	$36.20	7.5%	1	0.80	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 8 found (avg $0.62, cheapest $0.22)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$250.00	Sep 25	0.20	0.24	$0.22	18.2%	1.5K	0.05	1.8K
$247.50	Sep 25	0.31	0.33	$0.32	6.3%	111	0.07	391
$245.00	Sep 25	0.44	0.50	$0.47	12.8%	1.5K	0.10	1.5K
$242.50	Sep 25	0.67	0.73	$0.70	8.6%	732	0.14	705
$250.00	Oct 2	0.84	0.95	$0.90	12.2%	271	0.12	577

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$222.50	Sep 25	0.69	0.83	$0.76	18.4%	751	0.15	733

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 77 found (avg delta 0.74, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Sep 25	29.95	32.80	$31.38	9.1%	8	1.00	4
$202.50	Sep 25	27.45	30.20	$28.83	9.5%	8	1.00	1
$205.00	Sep 25	25.00	27.45	$26.23	9.3%	1	1.00	--
$210.00	Sep 25	20.00	22.50	$21.25	11.8%	210	1.00	24
$215.00	Sep 25	15.10	18.10	$16.60	18.1%	8	0.97	33

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$275.00	Oct 16	42.55	45.30	$43.93	6.3%	7	0.95	133
$250.00	Sep 25	17.85	20.35	$19.10	13.1%	13	0.95	233
$270.00	Oct 16	37.30	40.40	$38.85	8.0%	8	0.93	681
$247.50	Sep 25	15.00	17.90	$16.45	17.6%	17	0.93	66
$255.00	Oct 2	23.00	25.50	$24.25	10.3%	6	0.92	--

Most actively traded options today. High liquidity = easy entry/exit. 230 active (total vol 31.7K, top 2.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Sep 25	1.04	1.15	$1.10	10.0%	2.1K	0.20	1.3K
$230.00	Sep 25	4.55	4.90	$4.72	7.4%	1.8K	0.58	287
$245.00	Sep 25	0.44	0.50	$0.47	12.8%	1.5K	0.10	1.5K
$250.00	Sep 25	0.20	0.24	$0.22	18.2%	1.5K	0.05	1.8K
$232.50	Sep 25	3.20	3.55	$3.38	10.4%	1.4K	0.47	252

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Sep 25	1.08	1.28	$1.18	16.9%	1.1K	0.22	670
$222.50	Sep 25	0.69	0.83	$0.76	18.4%	751	0.15	733
$230.00	Sep 25	2.64	2.93	$2.79	10.4%	442	0.42	463
$227.50	Sep 25	1.76	2.05	$1.90	15.3%	432	0.32	850
$217.50	Sep 25	0.22	0.35	$0.28	46.4%	393	0.07	453

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 14.0%, max 16.6%)

CALLS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Sep 25	Oct 16	38.1%	32.7%	16.6%	476	62
$237.50	Sep 25	Oct 16	39.9%	34.8%	14.5%	716	298
$232.50	Sep 25	Oct 16	39.3%	35.8%	9.8%	1.4K	252

PUTS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Sep 25	Oct 16	38.1%	32.7%	16.6%	511	850
$222.50	Sep 25	Oct 16	38.9%	33.5%	16.4%	758	733
$237.50	Sep 25	Oct 16	39.9%	34.8%	14.5%	74	145
$232.50	Sep 25	Oct 16	39.3%	35.8%	9.8%	47	210

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 148 found (best R:R 3.46, avg 5.76)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$245.00	$250.00	Oct 23	$1.12	$3.88	$1.12	37%	3.46	$246.12
$220.00	$222.50	Oct 2	$1.45	$1.05	$1.45	80%	0.72	$221.45
$220.00	$225.00	Oct 30	$2.67	$2.33	$2.67	66%	0.87	$222.67
$230.00	$235.00	Oct 9	$2.03	$2.97	$2.03	56%	1.46	$232.03
$260.00	$265.00	Oct 23	$0.58	$4.42	$0.58	22%	7.62	$260.58

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$235.00	$232.50	Oct 9	$1.14	$1.36	$1.14	55%	1.19	$233.86
$222.50	$220.00	Oct 9	$0.46	$2.04	$0.46	28%	4.43	$222.04
$240.00	$237.50	Oct 16	$1.47	$1.03	$1.47	63%	0.70	$238.53
$232.50	$230.00	Oct 2	$1.10	$1.40	$1.10	50%	1.27	$231.40
$215.00	$212.50	Oct 9	$0.28	$2.22	$0.28	16%	7.93	$214.72

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 114 found (best R:R 0.48, avg 0.31)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$235.00	$237.50	Oct 9	$1.45	$1.45	$1.05	55%	1.38	$236.45
$270.00	$275.00	Oct 9	$0.35	$0.35	$4.65	94%	0.08	$270.35
$240.00	$242.50	Oct 16	$1.03	$1.03	$1.47	63%	0.70	$241.03
$267.50	$270.00	Oct 2	$0.22	$0.22	$2.28	96%	0.10	$267.72
$250.00	$255.00	Oct 23	$1.55	$1.55	$3.45	68%	0.45	$251.55

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$215.00	$210.00	Oct 23	$1.63	$1.63	$3.37	73%	0.48	$213.37
$225.00	$220.00	Oct 23	$2.22	$2.22	$2.78	61%	0.80	$222.78
$220.00	$215.00	Oct 30	$1.90	$1.90	$3.10	66%	0.61	$218.10
$225.00	$220.00	Oct 30	$2.18	$2.18	$2.82	60%	0.77	$222.82
$225.00	$222.50	Oct 9	$1.03	$1.03	$1.47	67%	0.70	$223.97

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $1.93, cheapest $1.77)

CALLS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$235.00	Sep 25	Oct 2	$1.99	40.2%	36.2%
$232.50	Sep 25	Oct 2	$2.22	39.3%	36.7%
$227.50	Sep 25	Oct 2	$1.95	38.1%	35.6%
$230.00	Sep 25	Oct 2	$1.93	37.3%	35.9%

PUTS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$235.00	Sep 25	Oct 2	$1.77	40.2%	36.2%
$232.50	Sep 25	Oct 2	$1.80	39.3%	36.7%
$227.50	Sep 25	Oct 2	$1.80	38.1%	35.6%
$230.00	Sep 25	Oct 2	$2.01	37.3%	35.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 64 found (cheapest 3.23% of stock, avg 7.59%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$232.50	Sep 25	$3.38	$4.10	$7.48	$225.02	$239.98	3.23%
$230.00	Sep 25	$4.72	$2.79	$7.51	$222.49	$237.51	3.24%
$235.00	Sep 25	$2.44	$5.53	$7.97	$227.03	$242.97	3.44%
$227.50	Sep 25	$6.20	$1.90	$8.10	$219.40	$235.60	3.49%
$237.50	Sep 25	$1.64	$7.45	$9.09	$228.41	$246.59	3.92%
$225.00	Sep 25	$7.95	$1.18	$9.13	$215.87	$234.13	3.94%
$222.50	Sep 25	$10.18	$0.76	$10.94	$211.56	$233.44	4.72%
$240.00	Sep 25	$1.10	$10.00	$11.10	$228.90	$251.10	4.79%
$230.00	Oct 2	$6.65	$4.80	$11.45	$218.55	$241.45	4.94%
$232.50	Oct 2	$5.60	$5.90	$11.50	$221.00	$244.00	4.96%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.50% of stock, avg 4.55%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$242.50	$220.00	Sep 25	$0.70	$0.45	$1.15	$218.85	$243.65
$242.50	$222.50	Sep 25	$0.70	$0.76	$1.46	$221.04	$243.96
$240.00	$220.00	Sep 25	$1.10	$0.45	$1.55	$218.45	$241.55
$240.00	$222.50	Sep 25	$1.10	$0.76	$1.86	$220.64	$241.86
$242.50	$225.00	Sep 25	$0.70	$1.18	$1.88	$223.12	$244.38
$240.00	$225.00	Sep 25	$1.10	$1.18	$2.28	$222.72	$242.28
$237.50	$220.00	Sep 25	$1.64	$0.45	$2.09	$217.91	$239.59
$237.50	$222.50	Sep 25	$1.64	$0.76	$2.40	$220.10	$239.90
$237.50	$225.00	Sep 25	$1.64	$1.18	$2.82	$222.18	$240.32
$242.50	$227.50	Sep 25	$0.70	$1.90	$2.60	$224.90	$245.10

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 270 found (best R:R 1.75, avg credit $1.07)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
210/215	250/255	Oct 23	$3.18	$1.82	41%	1.75	$211.82	$253.18
222/225	240/242	Oct 9	$1.81	$0.69	32%	2.62	$223.19	$241.81
210/215	265/270	Oct 23	$2.45	$2.55	53%	0.96	$212.55	$267.45
222/225	242/245	Oct 9	$1.62	$0.88	37%	1.84	$223.38	$244.12
215/220	250/255	Oct 30	$3.37	$1.63	34%	2.07	$216.63	$253.37
215/218	272/275	Sep 25	$0.25	$2.25	91%	0.11	$217.25	$272.75
205/208	255/258	Oct 2	$0.34	$2.16	87%	0.16	$207.16	$255.34
195/200	270/275	Oct 9	$0.51	$4.49	90%	0.11	$199.49	$270.51
205/208	248/250	Oct 2	$0.55	$1.95	79%	0.28	$206.95	$248.05
215/220	270/275	Oct 30	$2.57	$2.43	49%	1.06	$217.43	$272.57

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 120 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$235.00	$240.00	$245.00	Oct 30	$0.05	$4.95	11%	99.00
$227.50	$230.00	$232.50	Sep 25	$0.14	$2.36	21%	16.86
$232.50	$235.00	$237.50	Sep 25	$0.14	$2.36	19%	16.86
$210.00	$215.00	$220.00	Oct 30	$0.19	$4.81	11%	25.32
$245.00	$250.00	$255.00	Oct 9	$0.24	$4.76	13%	19.83

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$230.00	$232.50	$235.00	Sep 25	$0.12	$2.38	21%	19.83
$220.00	$225.00	$230.00	Oct 30	$0.17	$4.83	12%	28.41
$225.00	$227.50	$230.00	Sep 25	$0.17	$2.33	20%	13.71
$235.00	$237.50	$240.00	Oct 2	$0.08	$2.42	13%	30.25
$230.00	$235.00	$240.00	Oct 23	$0.23	$4.77	12%	20.74

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 119 found (best net $-4.17, 111 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$200.00	$215.00	1:2	Oct 9	-$4.17	$10.83
$250.00	$255.00	1:2	Oct 9	-$0.48	$4.52
$245.00	$250.00	1:2	Oct 9	-$0.86	$4.14
$255.00	$260.00	1:2	Oct 9	-$0.36	$4.64
$240.00	$242.50	1:2	Sep 25	-$0.30	$2.20

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$227.50	$225.00	1:2	Sep 25	-$0.46	$2.04
$222.50	$220.00	1:2	Sep 25	-$0.14	$2.36
$200.00	$195.00	1:2	Oct 9	$0.00	$5.00
$205.00	$200.00	1:2	Oct 9	-$0.09	$4.91
$217.50	$215.00	1:2	Sep 25	-$0.02	$2.48

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 61 found (best yield 4.05%, avg 1.38%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$240.00	Oct 30	$9.40	0.43	3.5%	4.05%	7.53%	43	82
$235.00	Oct 30	$11.35	0.49	1.3%	4.89%	6.22%	75	30
$245.00	Oct 30	$7.60	0.38	5.6%	3.28%	8.91%	16	59
$235.00	Oct 23	$10.80	0.48	1.3%	4.66%	5.98%	68	66
$250.00	Oct 30	$6.10	0.33	7.8%	2.63%	10.42%	89	394
$240.00	Oct 23	$8.65	0.42	3.5%	3.73%	7.21%	84	137
$245.00	Oct 23	$6.85	0.37	5.6%	2.95%	8.59%	29	68
$250.00	Oct 23	$5.85	0.32	7.8%	2.52%	10.31%	110	297
$255.00	Oct 30	$4.90	0.28	9.9%	2.11%	12.06%	12	112
$260.00	Oct 30	$4.00	0.24	12.1%	1.72%	13.83%	10	76

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 33,675

Total Puts 10,444

Put/Call Ratio 0.31

Net Difference 23,231

Prior's Put/Call Breakdown

Total Calls 48,275

Total Puts 21,114

Put/Call Ratio 0.44

Net Difference 27,161

Prior 7-Day Put/Call Summary

Total Calls 389,470

Total Puts 129,531

Average Put/Call Ratio 0.38

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

🤖 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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