IBM - Options Database

IBM

IBM CORP

$225.51 -0.68%

$225.78 (+0.12%)🌙

as of 09/25 06:32 PM

(9/24 18:39) ◀

Friday, September 25, 2026 (6:32pm)

▶

◀ 9/25 18:32

Option Volume

Detail

ℹ

Current (09/25) 42,023

Calls: 26,132 (62%)

Puts: 15,891 (38%)

Prior (09/24) 47,153

Calls: 30,447 (65%)

Puts: 16,706 (35%)

Current vs Prior -10.88%

Calls: -14.17% (Calls)

Puts: -4.88% (Puts)

Prior 7-Day Total 486,630

Calls: 360,076 (74%)

Puts: 126,554 (26%)

Prior 7-Day Average 69,518

Calls: 51,439 (74%)

Puts: 18,079 (26%)

Current vs Prior 7-Day Avg -39.55%

Calls: -49.20%

Puts: -12.10%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/25) $13.99M

Calls: $6.64M (47%)

Puts: $7.35M (53%)

Prior (09/24) $28.20M

Calls: $13.01M (46%)

Puts: $15.19M (54%)

Current vs Prior -50.40%

Calls: -48.99%

Puts: -51.60%

Prior 7-Day Total $231.01M

Calls: $153.76M (67%)

Puts: $77.25M (33%)

Prior 7-Day Average $33.00M

Calls: $21.97M (67%)

Puts: $11.04M (33%)

Current vs Prior 7-Day Avg -57.62%

Calls: -69.78%

Puts: -33.41%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/25) 0.61

Prior (09/24) 0.55

Current vs Prior +10.83%

Prior 7-Day Average 0.39

Current vs Prior 7-Day Avg +57.22%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/25) 358,717

Calls: 230,110 (64%)

Puts: 128,607 (36%)

Prior (09/24) 373,414

Calls: 231,724 (62%)

Puts: 141,690 (38%)

Current vs Prior -3.94%

Prior 7-Day Total 2,988,695

Calls: 1,859,314 (62%)

Puts: 1,129,381 (38%)

Prior 7-Day Average 426,956

Calls: 265,616 (62%)

Puts: 161,340 (38%)

Current vs Prior 7-Day Avg -15.98%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 1.14% | 4.04%6.76% | 14.13%

Prior 2.09% | 4.35%7.02% | 14.20%

Current vs Prior +93.32% | +27.18%-3.61% | -0.50%

Prior 7-Day Avg 3.45% | 5.23%4.70% | 10.66%

Current vs 7-Day Avg +17.23% | +5.77%+43.98% | +32.57%

Prior 7-Day Eod 2.09% | 4.35%7.02% | 14.20%

Current vs 7-Day Eod +93.32% | +27.18%-3.61% | -0.50%

Sentiment BEARISHBULLISH

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 12.82% | 9.88%

Calls: 9.32% | 7.93%

Puts: 16.31% | 11.84%

Current vs 7-Day Avg +40.37% | -2.54%

Liquidity Expensive

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🤖 AI Insights

Light premium activity with dollar volume down 50% vs prior. Bullish P/C ratio of 0.61. Call-heavy open interest (230,110 calls vs 128,607 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 BEARISH

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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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 59 of results (avg 7.5%, best 3.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 23	9.50	9.85	$9.68	3.6%	39	0.47	192
$240.00	Oct 16	2.21	2.34	$2.28	5.7%	288	0.23	3.5K
$225.00	Oct 2	4.10	4.35	$4.22	5.9%	388	0.53	346
$185.00	Sep 25	39.85	42.35	$41.10	6.1%	2	0.93	2
$245.00	Oct 16	1.41	1.50	$1.46	6.2%	203	0.16	1.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 16	6.20	6.50	$6.35	4.7%	46	0.47	1.6K
$220.00	Oct 16	4.05	4.25	$4.15	4.8%	269	0.35	4.7K
$230.00	Oct 16	8.95	9.45	$9.20	5.4%	83	0.58	1.1K
$235.00	Oct 16	12.10	12.80	$12.45	5.6%	59	0.68	4.0K
$225.00	Oct 2	3.45	3.65	$3.55	5.6%	581	0.47	436

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 8 found (avg $0.55, cheapest $0.13)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$250.00	Oct 2	0.12	0.14	$0.13	15.4%	2.1K	0.03	1.3K
$240.00	Oct 2	0.45	0.50	$0.48	10.4%	1.5K	0.10	886
$237.50	Oct 2	0.67	0.72	$0.70	7.1%	157	0.14	594
$260.00	Oct 16	0.39	0.45	$0.42	14.3%	521	0.05	5.2K
$250.00	Oct 16	0.91	0.99	$0.95	8.4%	660	0.11	4.5K

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$212.50	Oct 2	0.34	0.41	$0.38	18.4%	160	0.08	184
$200.00	Oct 16	0.47	0.51	$0.49	8.2%	97	0.06	3.7K
$205.00	Oct 16	0.78	0.92	$0.85	16.5%	182	0.10	3.0K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 93 found (avg delta 0.81, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$185.00	Oct 2	39.20	42.50	$40.85	8.1%	2	1.00	--
$190.00	Oct 2	34.80	37.55	$36.17	7.6%	2	1.00	--
$200.00	Oct 2	25.00	27.00	$26.00	7.7%	3	1.00	3
$205.00	Oct 2	19.95	22.60	$21.28	12.5%	2	1.00	1
$195.00	Oct 9	29.70	32.85	$31.28	10.1%	1	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$227.50	Sep 25	1.62	2.40	$2.01	38.8%	505	1.00	914
$230.00	Sep 25	3.75	5.05	$4.40	29.5%	244	1.00	560
$232.50	Sep 25	6.50	8.10	$7.30	21.9%	75	1.00	180
$235.00	Sep 25	8.50	9.95	$9.23	15.7%	108	1.00	376
$237.50	Sep 25	10.85	13.40	$12.13	21.0%	2	1.00	21

Most actively traded options today. High liquidity = easy entry/exit. 252 active (total vol 33.4K, top 3.2K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Sep 25	0.00	0.01	$0.01	100.0%	3.2K	0.01	1.4K
$227.50	Sep 25	0.00	0.01	$0.01	100.0%	2.2K	0.01	481
$250.00	Oct 2	0.12	0.14	$0.13	15.4%	2.1K	0.03	1.3K
$240.00	Oct 2	0.45	0.50	$0.48	10.4%	1.5K	0.10	886
$232.50	Sep 25	0.00	0.03	$0.02	150.0%	1.0K	0.01	889

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$205.00	Oct 2	0.05	0.16	$0.11	100.0%	2.0K	0.03	66
$225.00	Sep 25	0.02	0.09	$0.06	116.7%	1.1K	0.18	1.3K
$210.00	Oct 2	0.10	0.25	$0.18	83.3%	980	0.04	998
$222.50	Sep 25	0.00	0.01	$0.01	100.0%	874	0.01	1.1K
$225.00	Oct 2	3.45	3.65	$3.55	5.6%	581	0.47	436

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. 128 found (best R:R 1.67, avg 5.57)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$220.00	$225.00	Oct 23	$1.87	$3.13	$1.87	61%	1.67	$221.87
$225.00	$230.00	Nov 6	$1.85	$3.15	$1.85	53%	1.70	$226.85
$245.00	$260.00	Nov 6	$2.83	$12.17	$2.83	32%	4.30	$247.83
$245.00	$250.00	Oct 30	$0.86	$4.14	$0.86	30%	4.81	$245.86
$235.00	$240.00	Nov 6	$1.46	$3.54	$1.46	42%	2.42	$236.46

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$205.00	$200.00	Nov 6	$0.46	$4.54	$0.46	21%	9.87	$204.54
$232.50	$230.00	Oct 16	$1.10	$1.40	$1.10	64%	1.27	$231.40
$235.00	$230.00	Nov 6	$2.40	$2.60	$2.40	58%	1.08	$232.60
$240.00	$230.00	Oct 30	$5.77	$4.23	$5.77	64%	0.73	$234.23
$210.00	$207.50	Oct 9	$0.12	$2.38	$0.12	11%	19.83	$209.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 100 found (best R:R 0.60, avg 0.32)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$230.00	$235.00	Nov 6	$2.57	$2.57	$2.43	52%	1.06	$232.57
$260.00	$265.00	Nov 6	$1.03	$1.03	$3.97	80%	0.26	$261.03
$240.00	$245.00	Oct 23	$1.68	$1.68	$3.32	65%	0.51	$241.68
$262.50	$265.00	Oct 2	$0.13	$0.13	$2.37	98%	0.05	$262.63
$245.00	$247.50	Oct 9	$0.32	$0.32	$2.18	88%	0.15	$245.32

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$215.00	$205.00	Nov 6	$3.75	$3.75	$6.25	66%	0.60	$211.25
$225.00	$220.00	Nov 6	$2.73	$2.73	$2.27	53%	1.20	$222.27
$202.50	$200.00	Sep 25	$0.49	$0.49	$2.01	93%	0.24	$202.01
$210.00	$205.00	Oct 23	$1.45	$1.45	$3.55	74%	0.41	$208.55
$200.00	$195.00	Nov 6	$1.01	$1.01	$3.99	82%	0.25	$198.99

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. 66 found (cheapest 0.28% of stock, avg 6.86%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$225.00	Sep 25	$0.57	$0.06	$0.63	$224.37	$225.63	0.28%
$227.50	Sep 25	$0.01	$2.01	$2.02	$225.48	$229.52	0.90%
$222.50	Sep 25	$3.29	$0.01	$3.30	$219.20	$225.80	1.46%
$230.00	Sep 25	$0.01	$4.40	$4.41	$225.59	$234.41	1.96%
$220.00	Sep 25	$5.83	$0.01	$5.84	$214.16	$225.84	2.59%
$232.50	Sep 25	$0.02	$7.30	$7.32	$225.18	$239.82	3.25%
$225.00	Oct 2	$4.22	$3.55	$7.77	$217.23	$232.77	3.45%
$227.50	Oct 2	$3.05	$4.90	$7.95	$219.55	$235.45	3.53%
$222.50	Oct 2	$5.68	$2.48	$8.16	$214.34	$230.66	3.62%
$217.50	Sep 25	$8.23	$0.01	$8.24	$209.26	$225.74	3.65%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.59% of stock, avg 4.58%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$237.50	$215.00	Oct 2	$0.70	$0.62	$1.32	$213.68	$238.82
$235.00	$215.00	Oct 2	$1.02	$0.62	$1.64	$213.36	$236.64
$237.50	$217.50	Oct 2	$0.70	$0.98	$1.68	$215.82	$239.18
$235.00	$217.50	Oct 2	$1.02	$0.98	$2.00	$215.50	$237.00
$232.50	$215.00	Oct 2	$1.51	$0.62	$2.13	$212.87	$234.63
$232.50	$217.50	Oct 2	$1.51	$0.98	$2.49	$215.01	$234.99
$237.50	$220.00	Oct 2	$0.70	$1.59	$2.29	$217.71	$239.79
$235.00	$220.00	Oct 2	$1.02	$1.59	$2.61	$217.39	$237.61
$232.50	$220.00	Oct 2	$1.51	$1.59	$3.10	$216.90	$235.60
$237.50	$215.00	Oct 9	$1.78	$1.66	$3.44	$211.56	$240.94

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 197 found (best R:R 0.32, avg credit $1.18)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
200/202	248/250	Sep 25	$0.60	$1.90	91%	0.32	$201.90	$248.10
195/200	260/265	Nov 6	$2.04	$2.96	62%	0.69	$197.96	$262.04
205/210	240/245	Oct 23	$3.13	$1.87	39%	1.67	$206.87	$243.13
210/212	262/265	Oct 2	$0.33	$2.17	89%	0.15	$212.17	$262.83
212/215	245/248	Oct 9	$0.86	$1.64	68%	0.52	$214.14	$245.86
205/208	245/248	Oct 9	$0.55	$1.95	79%	0.28	$206.95	$245.55
218/220	262/265	Oct 2	$0.74	$1.76	70%	0.42	$219.26	$263.24
205/210	265/270	Oct 23	$1.97	$3.03	61%	0.65	$208.03	$266.97
215/218	245/248	Oct 9	$0.95	$1.55	62%	0.61	$216.55	$245.95
212/215	245/248	Oct 16	$1.02	$1.48	59%	0.69	$213.98	$246.02

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 114 found (best R:R 4.68, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$225.00	$227.50	$230.00	Sep 25	$0.56	$1.94	81%	3.46
$225.00	$227.50	$230.00	Oct 9	$0.06	$2.44	14%	40.67
$222.50	$225.00	$227.50	Sep 25	$2.16	$0.34	97%	0.16
$260.00	$265.00	$270.00	Oct 23	$0.05	$4.95	6%	99.00
$230.00	$232.50	$235.00	Oct 9	$0.06	$2.44	12%	40.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$225.00	$227.50	$230.00	Sep 25	$0.44	$2.06	82%	4.68
$222.50	$225.00	$227.50	Sep 25	$1.90	$0.60	99%	0.32
$220.00	$225.00	$230.00	Nov 6	$0.12	$4.88	12%	40.67
$230.00	$232.50	$235.00	Oct 2	$0.07	$2.43	15%	34.71
$195.00	$200.00	$205.00	Oct 30	$0.11	$4.89	9%	44.45

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 140 found (best net $-2.78, 127 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$245.00	$260.00	1:2	Nov 6	-$0.87	$14.13
$220.00	$222.50	1:2	Sep 25	-$0.75	$1.75
$200.00	$210.00	1:2	Oct 16	-$8.18	$1.82
$260.00	$265.00	1:2	Oct 16	-$0.14	$4.86
$245.00	$247.50	1:2	Oct 2	-$0.06	$2.44

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$255.00	$235.00	1:2	Nov 6	-$2.78	$17.22
$215.00	$205.00	1:2	Nov 6	-$0.05	$9.95
$232.50	$230.00	1:2	Sep 25	-$1.50	$1.00
$195.00	$185.00	1:2	Oct 30	-$0.12	$9.88
$205.00	$200.00	1:2	Oct 16	-$0.13	$4.87

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 57 found (best yield 4.70%, avg 1.37%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$230.00	Nov 6	$10.60	0.48	2.0%	4.70%	6.69%	3	11
$240.00	Nov 6	$7.35	0.37	6.4%	3.26%	9.68%	1	--
$230.00	Oct 30	$10.25	0.48	2.0%	4.55%	6.54%	26	140
$235.00	Oct 30	$8.45	0.41	4.2%	3.75%	7.96%	18	88
$235.00	Nov 6	$8.20	0.42	4.2%	3.64%	7.84%	2	5
$245.00	Nov 6	$5.85	0.32	8.6%	2.59%	11.24%	20	1
$240.00	Oct 30	$6.55	0.36	6.4%	2.90%	9.33%	54	102
$230.00	Oct 23	$9.50	0.47	2.0%	4.21%	6.20%	39	192
$235.00	Oct 23	$7.25	0.41	4.2%	3.21%	7.42%	135	173
$245.00	Oct 30	$5.20	0.30	8.6%	2.31%	10.95%	28	67

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 26,132

Total Puts 15,891

Put/Call Ratio 0.61

Net Difference 10,241

Prior's Put/Call Breakdown

Total Calls 30,447

Total Puts 16,706

Put/Call Ratio 0.55

Net Difference 13,741

Prior 7-Day Put/Call Summary

Total Calls 360,076

Total Puts 126,554

Average Put/Call Ratio 0.39

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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