IBM - Options Database

IBM

IBM CORP

$227.06 -2.45%

$227.50 (+0.19%)🌙

as of 09/24 06:39 PM

(9/21 18:36) ◀

Thursday, September 24, 2026 (6:39pm)

▶ (9/25 18:32)

◀ 9/24 18:39 ▶

Option Volume

Detail

ℹ

Current (09/24) 47,153

Calls: 30,447 (65%)

Puts: 16,706 (35%)

Prior (09/21) 44,119

Calls: 33,675 (76%)

Puts: 10,444 (24%)

Current vs Prior +6.88%

Calls: -9.59% (Calls)

Puts: +59.96% (Puts)

Prior 7-Day Total 530,847

Calls: 401,966 (76%)

Puts: 128,881 (24%)

Prior 7-Day Average 75,835

Calls: 57,423 (76%)

Puts: 18,411 (24%)

Current vs Prior 7-Day Avg -37.82%

Calls: -46.98%

Puts: -9.26%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/24) $28.20M

Calls: $13.01M (46%)

Puts: $15.19M (54%)

Prior (09/21) $23.39M

Calls: $18.26M (78%)

Puts: $5.13M (22%)

Current vs Prior +20.57%

Calls: -28.74%

Puts: +196.23%

Prior 7-Day Total $243.26M

Calls: $174.08M (72%)

Puts: $69.18M (28%)

Prior 7-Day Average $34.75M

Calls: $24.87M (72%)

Puts: $9.88M (28%)

Current vs Prior 7-Day Avg -18.86%

Calls: -47.67%

Puts: +53.65%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/24) 0.55

Prior (09/21) 0.31

Current vs Prior +76.92%

Prior 7-Day Average 0.35

Current vs Prior 7-Day Avg +58.60%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/24) 373,414

Calls: 231,724 (62%)

Puts: 141,690 (38%)

Prior (09/21) 365,226

Calls: 224,409 (61%)

Puts: 140,817 (39%)

Current vs Prior +2.24%

Prior 7-Day Total 3,050,961

Calls: 1,897,552 (62%)

Puts: 1,153,409 (38%)

Prior 7-Day Average 435,851

Calls: 271,078 (62%)

Puts: 164,772 (38%)

Current vs Prior 7-Day Avg -14.33%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 2.09% | 4.35%7.02% | 14.20%

Prior 3.80% | 5.41%7.83% | 14.78%

Current vs Prior -44.99% | -19.59%-10.40% | -3.88%

Prior 7-Day Avg 3.64% | 5.38%4.46% | 10.08%

Current vs 7-Day Avg -42.49% | -19.13%+57.15% | +40.84%

Prior 7-Day Eod 3.80% | 5.41%7.83% | 14.78%

Current vs 7-Day Eod -44.99% | -19.59%-10.40% | -3.88%

Sentiment BULLISHBULLISH

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 11.03% | 9.54%

Calls: 8.13% | 7.41%

Puts: 13.93% | 11.66%

Current vs 7-Day Avg +63.04% | +0.99%

Liquidity Expensive

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Bullish P/C ratio of 0.55. P/C ratio rising 77% - increased hedging/bearish positioning. Call-heavy open interest (231,724 calls vs 141,690 puts) suggests bullish positioning.

Smart Money BEARISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

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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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 53 of results (avg 7.5%, best 4.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 23	13.00	13.60	$13.30	4.5%	13	0.56	20
$230.00	Oct 23	10.70	11.20	$10.95	4.6%	78	0.49	141
$185.00	Oct 16	41.90	43.90	$42.90	4.7%	10	0.99	--
$240.00	Oct 16	2.84	3.00	$2.92	5.5%	290	0.27	3.4K
$235.00	Oct 23	8.60	9.10	$8.85	5.6%	171	0.43	99

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$270.00	Oct 16	41.65	43.55	$42.60	4.5%	1	1.00	--
$225.00	Oct 2	3.25	3.40	$3.33	4.5%	443	0.41	313
$265.00	Oct 30	38.70	40.50	$39.60	4.5%	1	0.84	--
$230.00	Oct 30	13.30	14.05	$13.68	5.5%	4	0.50	45
$250.00	Oct 16	23.05	24.40	$23.73	5.7%	19	0.87	375

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 11 found (avg $0.57, cheapest $0.27)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Sep 25	0.57	0.67	$0.62	16.1%	1.5K	0.25	785
$245.00	Oct 2	0.42	0.47	$0.44	11.4%	420	0.08	744
$250.00	Oct 2	0.24	0.27	$0.26	11.5%	786	0.05	1.4K
$240.00	Oct 2	0.81	0.91	$0.86	11.6%	434	0.15	660
$250.00	Oct 9	0.67	0.79	$0.73	16.4%	176	0.10	488

PUTS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$222.50	Sep 25	0.25	0.29	$0.27	14.8%	812	0.13	1.2K
$225.00	Sep 25	0.70	0.83	$0.76	17.1%	916	0.29	1.1K
$210.00	Oct 2	0.26	0.31	$0.29	17.2%	218	0.06	942
$200.00	Oct 16	0.50	0.57	$0.53	13.2%	97	0.06	3.7K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 90 found (avg delta 0.78, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$195.00	Oct 9	31.90	34.55	$33.22	8.0%	1	1.00	--
$195.00	Sep 25	30.20	34.05	$32.13	12.0%	2	1.00	--
$210.00	Sep 25	16.05	18.65	$17.35	15.0%	2	0.99	229
$185.00	Oct 16	41.90	43.90	$42.90	4.7%	10	0.99	--
$190.00	Oct 16	37.10	39.35	$38.23	5.9%	5	0.98	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Sep 25	11.60	13.90	$12.75	18.0%	48	1.00	196
$245.00	Sep 25	16.85	18.85	$17.85	11.2%	4	1.00	43
$247.50	Sep 25	19.35	21.35	$20.35	9.8%	88	1.00	--
$250.00	Sep 25	21.45	23.90	$22.67	10.8%	298	1.00	232
$252.50	Sep 25	24.35	26.25	$25.30	7.5%	194	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 253 active (total vol 32.8K, top 1.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$232.50	Sep 25	0.22	0.28	$0.25	24.0%	1.6K	0.12	778
$230.00	Sep 25	0.57	0.67	$0.62	16.1%	1.5K	0.25	785
$250.00	Oct 16	1.30	1.43	$1.37	9.5%	1.3K	0.14	3.9K
$237.50	Sep 25	0.07	0.10	$0.09	33.3%	1.2K	0.04	479
$240.00	Sep 25	0.03	0.06	$0.05	60.0%	1.2K	0.02	2.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Sep 25	0.70	0.83	$0.76	17.1%	916	0.29	1.1K
$222.50	Sep 25	0.25	0.29	$0.27	14.8%	812	0.13	1.2K
$220.00	Sep 25	0.04	0.12	$0.08	100.0%	805	0.04	830
$215.00	Oct 2	0.57	0.80	$0.69	33.3%	719	0.12	1.3K
$227.50	Sep 25	1.60	2.04	$1.82	24.2%	502	0.53	918

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 12.4%, max 12.4%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Sep 25	Oct 16	36.6%	32.6%	12.4%	722	428

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Sep 25	Oct 16	36.6%	32.6%	12.4%	602	1.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 145 found (best R:R 13.29, avg 5.85)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$245.00	$250.00	Nov 6	$0.35	$4.65	$0.35	32%	13.29	$245.35
$215.00	$225.00	Oct 30	$5.67	$4.33	$5.67	70%	0.76	$220.67
$210.00	$220.00	Nov 6	$6.20	$3.80	$6.20	72%	0.61	$216.20
$225.00	$230.00	Nov 6	$2.03	$2.97	$2.03	56%	1.46	$227.03
$250.00	$255.00	Oct 23	$0.62	$4.38	$0.62	26%	7.06	$250.62

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$220.00	$210.00	Nov 6	$2.25	$7.75	$2.25	38%	3.44	$217.75
$237.50	$235.00	Oct 2	$1.45	$1.05	$1.45	81%	0.72	$236.05
$232.50	$230.00	Oct 2	$1.20	$1.30	$1.20	67%	1.08	$231.30
$230.00	$227.50	Oct 9	$1.00	$1.50	$1.00	56%	1.50	$229.00
$232.50	$230.00	Oct 16	$1.18	$1.32	$1.18	59%	1.12	$231.32

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 113 found (best R:R 1.03, avg 0.33)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$240.00	$245.00	Nov 6	$2.57	$2.57	$2.43	61%	1.06	$242.57
$227.50	$230.00	Oct 16	$1.70	$1.70	$0.80	48%	2.13	$229.20
$232.50	$235.00	Oct 9	$1.15	$1.15	$1.35	62%	0.85	$233.65
$260.00	$265.00	Oct 30	$1.01	$1.01	$3.99	79%	0.25	$261.01
$265.00	$270.00	Oct 9	$0.23	$0.23	$4.77	96%	0.05	$265.23

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$210.00	$205.00	Nov 6	$2.54	$2.54	$2.46	72%	1.03	$207.46
$225.00	$220.00	Oct 23	$2.55	$2.55	$2.45	56%	1.04	$222.45
$225.00	$220.00	Oct 30	$2.52	$2.52	$2.48	56%	1.02	$222.48
$225.00	$220.00	Nov 6	$2.47	$2.47	$2.53	56%	0.98	$222.53
$220.00	$215.00	Oct 30	$2.00	$2.00	$3.00	63%	0.67	$218.00

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $2.60, cheapest $2.46)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$227.50	Sep 25	Oct 2	$2.75	36.6%	32.6%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$227.50	Sep 25	Oct 2	$2.46	36.6%	32.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 64 found (cheapest 1.46% of stock, avg 7.10%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$227.50	Sep 25	$1.50	$1.82	$3.32	$224.18	$230.82	1.46%
$225.00	Sep 25	$2.93	$0.76	$3.69	$221.31	$228.69	1.63%
$230.00	Sep 25	$0.62	$3.43	$4.05	$225.95	$234.05	1.78%
$232.50	Sep 25	$0.25	$5.18	$5.43	$227.07	$237.93	2.39%
$222.50	Sep 25	$5.18	$0.27	$5.45	$217.05	$227.95	2.40%
$220.00	Sep 25	$7.53	$0.08	$7.61	$212.39	$227.61	3.35%
$235.00	Sep 25	$0.13	$7.73	$7.86	$227.14	$242.86	3.46%
$227.50	Oct 2	$4.25	$4.28	$8.53	$218.97	$236.03	3.76%
$225.00	Oct 2	$5.60	$3.33	$8.93	$216.07	$233.93	3.93%
$222.50	Oct 2	$6.83	$2.33	$9.16	$213.34	$231.66	4.03%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 158 found (cheapest 0.18% of stock, avg 4.33%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$235.00	$222.50	Sep 25	$0.13	$0.27	$0.40	$222.10	$235.40
$232.50	$222.50	Sep 25	$0.25	$0.27	$0.52	$221.98	$233.02
$230.00	$222.50	Sep 25	$0.62	$0.27	$0.89	$221.61	$230.89
$235.00	$225.00	Sep 25	$0.13	$0.76	$0.89	$224.11	$235.89
$232.50	$225.00	Sep 25	$0.25	$0.76	$1.01	$223.99	$233.51
$230.00	$225.00	Sep 25	$0.62	$0.76	$1.38	$223.62	$231.38
$240.00	$215.00	Oct 2	$0.86	$0.69	$1.55	$213.45	$241.55
$240.00	$217.50	Oct 2	$0.86	$0.98	$1.84	$215.66	$241.84
$237.50	$215.00	Oct 2	$1.21	$0.69	$1.90	$213.10	$239.40
$237.50	$217.50	Oct 2	$1.21	$0.98	$2.19	$215.31	$239.69

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 224 found (best R:R 2.14, avg credit $1.11)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
205/210	260/265	Nov 6	$3.41	$1.59	51%	2.14	$206.59	$263.41
205/210	255/260	Nov 6	$3.39	$1.61	47%	2.11	$206.61	$258.39
205/210	250/255	Nov 6	$3.59	$1.41	43%	2.55	$206.41	$253.59
215/218	242/245	Oct 16	$1.36	$1.14	49%	1.19	$216.14	$243.86
202/205	248/250	Sep 25	$0.20	$2.30	95%	0.09	$204.80	$247.70
215/218	238/240	Oct 16	$1.54	$0.96	41%	1.60	$215.96	$239.04
210/212	248/250	Sep 25	$0.22	$2.28	93%	0.10	$212.28	$247.72
205/210	260/265	Oct 30	$2.34	$2.66	54%	0.88	$207.66	$262.34
210/212	240/242	Oct 9	$0.95	$1.55	63%	0.61	$211.55	$240.95
210/212	248/250	Oct 9	$0.72	$1.78	72%	0.40	$211.78	$248.22

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 117 found (best R:R 16.86, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$235.00	$240.00	$245.00	Oct 23	$0.07	$4.93	12%	70.43
$220.00	$222.50	$225.00	Sep 25	$0.10	$2.40	25%	24.00
$240.00	$245.00	$250.00	Oct 30	$0.12	$4.88	10%	40.67
$225.00	$227.50	$230.00	Sep 25	$0.55	$1.95	45%	3.55
$230.00	$235.00	$240.00	Nov 6	$0.16	$4.84	11%	30.25

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$227.50	$230.00	$232.50	Sep 25	$0.14	$2.36	36%	16.86
$210.00	$215.00	$220.00	Oct 23	$0.10	$4.90	13%	49.00
$225.00	$227.50	$230.00	Sep 25	$0.55	$1.95	46%	3.55
$195.00	$200.00	$205.00	Oct 23	$0.07	$4.93	8%	70.43
$195.00	$200.00	$205.00	Nov 6	$0.10	$4.90	8%	49.00

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 $-1.46, 136 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$195.00	$212.50	1:2	Oct 16	-$1.46	$16.04
$195.00	$210.00	1:2	Sep 25	-$2.57	$12.43
$195.00	$215.00	1:2	Oct 23	-$3.49	$16.51
$195.00	$210.00	1:2	Oct 2	-$3.46	$11.54
$195.00	$215.00	1:2	Oct 30	-$5.20	$14.80

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$265.00	$245.00	1:2	Oct 30	-$6.50	$13.50
$250.00	$240.00	1:2	Oct 9	-$5.72	$4.28
$230.00	$227.50	1:2	Sep 25	-$0.21	$2.29
$232.50	$230.00	1:2	Sep 25	-$1.68	$0.82
$205.00	$200.00	1:2	Oct 9	$0.00	$5.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 64 found (best yield 5.22%, avg 1.50%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$230.00	Nov 6	$11.85	0.50	1.3%	5.22%	6.51%	11	--
$230.00	Oct 30	$11.50	0.50	1.3%	5.06%	6.36%	41	124
$235.00	Nov 6	$9.40	0.45	3.5%	4.14%	7.64%	6	--
$235.00	Oct 30	$9.00	0.44	3.5%	3.96%	7.46%	23	77
$240.00	Oct 30	$7.50	0.38	5.7%	3.30%	9.00%	13	96
$230.00	Oct 23	$10.70	0.49	1.3%	4.71%	6.01%	78	141
$245.00	Oct 30	$6.15	0.33	7.9%	2.71%	10.61%	55	56
$240.00	Nov 6	$7.00	0.39	5.7%	3.08%	8.78%	1	--
$235.00	Oct 23	$8.60	0.43	3.5%	3.79%	7.28%	171	99
$240.00	Oct 23	$6.90	0.37	5.7%	3.04%	8.74%	260	232

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 30,447

Total Puts 16,706

Put/Call Ratio 0.55

Net Difference 13,741

Prior's Put/Call Breakdown

Total Calls 33,675

Total Puts 10,444

Put/Call Ratio 0.31

Net Difference 23,231

Prior 7-Day Put/Call Summary

Total Calls 401,966

Total Puts 128,881

Average Put/Call Ratio 0.35

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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