IBM - Options Database

IBM

IBM CORP

$220.67 -2.19%

$220.80 (+0.06%)🌙

as of 09/29 03:15 AM

(9/25 18:32) ◀

Monday, September 28, 2026 (3:15am)

▶ (9/29 18:35)

◀ 9/28 03:15 ▶

Option Volume

Detail

ℹ

Current (09/29) 44,335

Calls: 26,353 (59%)

Puts: 17,982 (41%)

Prior (09/25) 42,023

Calls: 26,132 (62%)

Puts: 15,891 (38%)

Current vs Prior +5.50%

Calls: +0.85% (Calls)

Puts: +13.16% (Puts)

Prior 7-Day Total 446,889

Calls: 328,082 (73%)

Puts: 118,807 (27%)

Prior 7-Day Average 63,841

Calls: 46,868 (73%)

Puts: 16,972 (27%)

Current vs Prior 7-Day Avg -30.55%

Calls: -43.77%

Puts: +5.95%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/29) $25.06M

Calls: $12.18M (49%)

Puts: $12.89M (51%)

Prior (09/25) $13.99M

Calls: $6.64M (47%)

Puts: $7.35M (53%)

Current vs Prior +79.19%

Calls: +83.42%

Puts: +75.37%

Prior 7-Day Total $215.02M

Calls: $145.44M (68%)

Puts: $69.58M (32%)

Prior 7-Day Average $30.72M

Calls: $20.78M (68%)

Puts: $9.94M (32%)

Current vs Prior 7-Day Avg -18.40%

Calls: -41.40%

Puts: +29.66%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/29) 0.68

Prior (09/25) 0.61

Current vs Prior +12.21%

Prior 7-Day Average 0.42

Current vs Prior 7-Day Avg +64.22%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/29) 367,317

Calls: 220,440 (60%)

Puts: 146,877 (40%)

Prior (09/25) 358,717

Calls: 230,110 (64%)

Puts: 128,607 (36%)

Current vs Prior +2.40%

Prior 7-Day Total 2,917,964

Calls: 1,827,122 (63%)

Puts: 1,090,842 (37%)

Prior 7-Day Average 416,852

Calls: 261,017 (63%)

Puts: 155,834 (37%)

Current vs Prior 7-Day Avg -11.88%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 3.58% | 4.95%6.32% | 14.13%

Prior 4.04% | 5.53%6.76% | 14.13%

Current vs Prior -11.48% | -10.50%-6.52% | -0.02%

Prior 7-Day Avg 3.69% | 5.34%4.99% | 11.27%

Current vs 7-Day Avg -3.09% | -7.33%+26.81% | +25.36%

Prior 7-Day Eod 4.04% | 5.53%6.76% | 14.13%

Current vs 7-Day Eod -11.48% | -10.50%-6.52% | -0.02%

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 14.60% | 10.23%

Calls: 10.51% | 8.45%

Puts: 18.68% | 12.01%

Current vs 7-Day Avg +23.24% | -5.84%

Liquidity Expensive

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Elevated premium activity with dollar volume up 79% vs prior. Bullish P/C ratio of 0.68. Call-heavy open interest (220,440 calls vs 146,877 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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💰 Best Value Under $1

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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 7.7%, best 4.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 23	4.40	4.60	$4.50	4.4%	121	0.28	388
$240.00	Oct 16	1.23	1.30	$1.27	5.5%	366	0.15	3.5K
$225.00	Oct 30	10.00	10.65	$10.33	6.3%	75	0.48	51
$230.00	Oct 9	1.90	2.03	$1.97	6.6%	275	0.26	293
$215.00	Oct 30	15.10	16.15	$15.63	6.7%	8	0.61	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 30	3.50	3.65	$3.58	4.2%	78	0.20	150
$230.00	Oct 23	15.35	16.05	$15.70	4.5%	28	0.60	104
$240.00	Oct 23	22.05	23.45	$22.75	6.2%	2	0.72	--
$250.00	Oct 30	30.30	32.25	$31.28	6.2%	1	0.79	31
$220.00	Oct 30	10.45	11.15	$10.80	6.5%	33	0.46	96

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.65, cheapest $0.39)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 2	0.71	0.79	$0.75	10.7%	694	0.16	920
$240.00	Oct 9	0.56	0.65	$0.61	14.8%	150	0.10	342
$245.00	Oct 16	0.75	0.91	$0.83	19.3%	552	0.10	1.2K

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$210.00	Oct 2	0.37	0.41	$0.39	10.3%	827	0.10	1.5K
$212.50	Oct 2	0.62	0.71	$0.67	13.4%	341	0.15	309

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 69 found (avg delta 0.74, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 2	19.90	22.25	$21.08	11.1%	152	0.99	5
$200.00	Oct 9	20.65	23.45	$22.05	12.7%	1	0.97	--
$200.00	Oct 16	21.05	23.35	$22.20	10.4%	1	0.91	--
$210.00	Oct 2	10.05	12.60	$11.33	22.5%	24	0.91	23
$205.00	Oct 9	15.85	18.05	$16.95	13.0%	5	0.91	5

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$247.50	Oct 2	25.45	27.45	$26.45	7.6%	27	1.00	51
$250.00	Oct 2	27.80	30.55	$29.18	9.4%	3	1.00	28
$247.50	Oct 9	24.80	28.10	$26.45	12.5%	1	0.97	1
$245.00	Oct 9	23.00	26.30	$24.65	13.4%	2	0.96	--
$240.00	Oct 2	18.00	20.25	$19.13	11.8%	2	0.96	--

Most actively traded options today. High liquidity = easy entry/exit. 200 active (total vol 30.8K, top 3.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 16	1.90	2.17	$2.04	13.2%	2.9K	0.22	2.3K
$235.00	Oct 2	0.30	0.37	$0.34	20.6%	1.3K	0.08	1.2K
$225.00	Oct 2	1.65	1.86	$1.76	11.9%	738	0.32	570
$240.00	Oct 2	0.12	0.16	$0.14	28.6%	699	0.04	2.0K
$230.00	Oct 2	0.71	0.79	$0.75	10.7%	694	0.16	920

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 16	14.00	16.75	$15.38	17.9%	3.5K	0.78	--
$205.00	Oct 16	1.14	1.37	$1.25	18.4%	1.3K	0.15	3.2K
$215.00	Oct 2	1.09	1.20	$1.15	9.6%	1.2K	0.23	2.0K
$210.00	Oct 16	2.01	2.29	$2.15	13.0%	918	0.23	3.2K
$210.00	Oct 2	0.37	0.41	$0.39	10.3%	827	0.10	1.5K

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 13.6%, max 16.3%)

CALLS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$217.50	Oct 2	Oct 16	35.2%	30.2%	16.3%	115	30
$222.50	Oct 2	Oct 16	37.3%	33.4%	11.7%	424	55
$227.50	Oct 2	Oct 16	38.6%	34.6%	11.5%	481	767

PUTS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$212.50	Oct 2	Oct 16	36.5%	31.4%	16.3%	374	468
$217.50	Oct 2	Oct 16	35.2%	30.2%	16.3%	248	775
$222.50	Oct 2	Oct 16	37.3%	33.4%	11.7%	118	416
$227.50	Oct 2	Oct 16	38.6%	34.6%	11.5%	99	491

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 125 found (best R:R 0.58, avg 5.22)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$200.00	$220.00	Nov 6	$12.65	$7.35	$12.65	79%	0.58	$212.65
$240.00	$245.00	Oct 23	$0.53	$4.47	$0.53	28%	8.43	$240.53
$210.00	$215.00	Oct 30	$2.60	$2.40	$2.60	68%	0.92	$212.60
$215.00	$217.50	Oct 16	$1.12	$1.38	$1.12	66%	1.23	$216.12
$235.00	$240.00	Nov 6	$1.17	$3.83	$1.17	36%	3.27	$236.17

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$222.50	$220.00	Oct 9	$0.83	$1.67	$0.83	54%	2.01	$221.67
$215.00	$210.00	Oct 23	$1.35	$3.65	$1.35	39%	2.70	$213.65
$227.50	$225.00	Oct 9	$1.30	$1.20	$1.30	69%	0.92	$226.20
$235.00	$232.50	Oct 16	$1.63	$0.87	$1.63	78%	0.53	$233.37
$230.00	$225.00	Oct 23	$2.57	$2.43	$2.57	60%	0.95	$227.43

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 95 found (best R:R 1.27, avg 0.32)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$230.00	$235.00	Nov 6	$2.33	$2.33	$2.67	57%	0.87	$232.33
$245.00	$250.00	Oct 23	$1.32	$1.32	$3.68	76%	0.36	$246.32
$257.50	$260.00	Oct 16	$0.20	$0.20	$2.30	95%	0.09	$257.70
$245.00	$250.00	Nov 6	$1.24	$1.24	$3.76	74%	0.33	$246.24
$230.00	$232.50	Oct 9	$0.63	$0.63	$1.87	74%	0.34	$230.63

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$220.00	$215.00	Oct 23	$2.80	$2.80	$2.20	54%	1.27	$217.20
$210.00	$205.00	Oct 23	$2.00	$2.00	$3.00	68%	0.67	$208.00
$210.00	$205.00	Oct 30	$1.80	$1.80	$3.20	68%	0.56	$208.20
$220.00	$215.00	Oct 30	$2.48	$2.48	$2.52	54%	0.98	$217.52
$220.00	$215.00	Nov 6	$2.40	$2.40	$2.60	54%	0.92	$217.60

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $1.58, cheapest $1.35)

CALLS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$225.00	Oct 2	Oct 9	$1.62	37.5%	33.0%
$222.50	Oct 2	Oct 9	$1.79	37.3%	33.2%
$220.00	Oct 2	Oct 9	$2.03	35.3%	32.1%
$217.50	Oct 2	Oct 9	$1.85	35.2%	32.2%

PUTS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$225.00	Oct 2	Oct 9	$1.35	37.5%	33.0%
$222.50	Oct 2	Oct 9	$1.00	37.3%	33.2%
$220.00	Oct 2	Oct 9	$1.51	35.3%	32.1%
$217.50	Oct 2	Oct 9	$1.47	35.2%	32.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 58 found (cheapest 2.97% of stock, avg 7.67%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$220.00	Oct 2	$3.72	$2.84	$6.56	$213.44	$226.56	2.97%
$222.50	Oct 2	$2.64	$4.18	$6.82	$215.68	$229.32	3.09%
$217.50	Oct 2	$5.30	$1.81	$7.11	$210.39	$224.61	3.22%
$225.00	Oct 2	$1.76	$5.80	$7.56	$217.44	$232.56	3.43%
$215.00	Oct 2	$7.23	$1.15	$8.38	$206.62	$223.38	3.80%
$227.50	Oct 2	$1.18	$7.63	$8.81	$218.69	$236.31	3.99%
$222.50	Oct 9	$4.43	$5.18	$9.61	$212.89	$232.11	4.35%
$212.50	Oct 2	$9.13	$0.67	$9.80	$202.70	$222.30	4.44%
$220.00	Oct 9	$5.75	$4.35	$10.10	$209.90	$230.10	4.58%
$230.00	Oct 2	$0.75	$9.63	$10.38	$219.62	$240.38	4.70%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.39% of stock, avg 4.32%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$232.50	$210.00	Oct 2	$0.47	$0.39	$0.86	$209.14	$233.36
$232.50	$212.50	Oct 2	$0.47	$0.67	$1.14	$211.36	$233.64
$230.00	$210.00	Oct 2	$0.75	$0.39	$1.14	$208.86	$231.14
$230.00	$212.50	Oct 2	$0.75	$0.67	$1.42	$211.08	$231.42
$227.50	$210.00	Oct 2	$1.18	$0.39	$1.57	$208.43	$229.07
$232.50	$215.00	Oct 2	$0.47	$1.15	$1.62	$213.38	$234.12
$227.50	$212.50	Oct 2	$1.18	$0.67	$1.85	$210.65	$229.35
$230.00	$215.00	Oct 2	$0.75	$1.15	$1.90	$213.10	$231.90
$227.50	$215.00	Oct 2	$1.18	$1.15	$2.33	$212.67	$229.83
$232.50	$210.00	Oct 9	$1.34	$1.25	$2.59	$207.41	$235.09

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 192 found (best R:R 1.98, avg credit $1.22)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
205/210	245/250	Oct 23	$3.32	$1.68	44%	1.98	$206.68	$248.32
205/210	250/255	Oct 23	$2.82	$2.18	50%	1.29	$207.18	$252.82
205/210	235/240	Oct 23	$3.48	$1.52	34%	2.29	$206.52	$238.48
195/200	245/250	Oct 23	$2.29	$2.71	57%	0.85	$197.71	$247.29
200/205	245/250	Oct 23	$2.59	$2.41	51%	1.07	$202.41	$247.59
180/185	245/250	Oct 23	$1.62	$3.38	68%	0.48	$183.38	$246.62
205/210	250/255	Oct 30	$2.71	$2.29	47%	1.18	$207.29	$252.71
185/190	245/250	Oct 23	$1.75	$3.25	66%	0.54	$188.25	$246.75
185/190	245/250	Nov 6	$2.01	$2.99	60%	0.67	$187.99	$247.01
190/195	245/250	Oct 23	$1.91	$3.09	62%	0.62	$193.09	$246.91

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 107 found (best R:R 49.00, cheapest $0.06)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$225.00	$230.00	$235.00	Oct 30	$0.21	$4.79	13%	22.81
$217.50	$220.00	$222.50	Oct 9	$0.08	$2.42	16%	30.25
$220.00	$222.50	$225.00	Oct 2	$0.20	$2.30	23%	11.50
$220.00	$225.00	$230.00	Oct 30	$0.24	$4.76	13%	19.83
$220.00	$225.00	$230.00	Nov 6	$0.23	$4.77	12%	20.74

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$195.00	$200.00	$205.00	Oct 30	$0.10	$4.90	10%	49.00
$200.00	$205.00	$210.00	Nov 6	$0.23	$4.77	12%	20.74
$212.50	$215.00	$217.50	Oct 2	$0.18	$2.32	18%	12.89
$222.50	$225.00	$227.50	Oct 2	$0.21	$2.29	20%	10.90
$190.00	$195.00	$200.00	Oct 16	$0.11	$4.89	6%	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. 117 found (best net $-0.85, 110 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$200.00	$220.00	1:2	Nov 6	-$0.85	$19.15
$200.00	$210.00	1:2	Oct 2	-$1.58	$8.42
$200.00	$215.00	1:2	Oct 23	-$3.68	$11.32
$200.00	$210.00	1:2	Oct 16	-$4.86	$5.14
$227.50	$230.00	1:2	Oct 2	-$0.32	$2.18

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$245.00	$230.00	1:2	Oct 30	-$5.85	$9.15
$205.00	$200.00	1:2	Oct 16	-$0.21	$4.79
$215.00	$212.50	1:2	Oct 2	-$0.19	$2.31
$200.00	$195.00	1:2	Oct 16	-$0.09	$4.91
$220.00	$217.50	1:2	Oct 2	-$0.78	$1.72

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 56 found (best yield 3.92%, avg 1.31%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$230.00	Nov 6	$8.65	0.43	4.2%	3.92%	8.15%	7	12
$225.00	Nov 6	$10.50	0.48	2.0%	4.76%	6.72%	31	7
$225.00	Oct 30	$10.00	0.48	2.0%	4.53%	6.49%	75	51
$230.00	Oct 30	$7.70	0.41	4.2%	3.49%	7.72%	159	142
$235.00	Nov 6	$5.90	0.36	6.5%	2.67%	9.17%	5	6
$230.00	Oct 23	$7.00	0.40	4.2%	3.17%	7.40%	80	204
$240.00	Nov 6	$4.65	0.31	8.8%	2.11%	10.87%	13	2
$225.00	Oct 23	$8.60	0.47	2.0%	3.90%	5.86%	20	53
$235.00	Oct 23	$5.60	0.34	6.5%	2.54%	9.03%	58	234
$235.00	Oct 30	$5.35	0.35	6.5%	2.42%	8.92%	18	88

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 26,353

Total Puts 17,982

Put/Call Ratio 0.68

Net Difference 8,371

Prior's Put/Call Breakdown

Total Calls 26,132

Total Puts 15,891

Put/Call Ratio 0.61

Net Difference 10,241

Prior 7-Day Put/Call Summary

Total Calls 328,082

Total Puts 118,807

Average Put/Call Ratio 0.42

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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