IBM - Options Database

IBM

IBM CORP

$219.99 -0.31%

$220.32 (+0.15%)🌙

as of 09/29 06:35 PM

(9/28 03:15) ◀

Tuesday, September 29, 2026 (6:35pm)

▶ (9/30 00:08)

◀ 9/29 18:35 ▶

Option Volume

Detail

ℹ

Current (09/29) 25,716

Calls: 17,592 (68%)

Puts: 8,124 (32%)

Prior (09/28) 44,335

Calls: 26,353 (59%)

Puts: 17,982 (41%)

Current vs Prior -42.00%

Calls: -33.24% (Calls)

Puts: -54.82% (Puts)

Prior 7-Day Total 388,438

Calls: 271,669 (70%)

Puts: 116,769 (30%)

Prior 7-Day Average 55,491

Calls: 38,809 (70%)

Puts: 16,681 (30%)

Current vs Prior 7-Day Avg -53.66%

Calls: -54.67%

Puts: -51.30%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/29) $12.91M

Calls: $6.49M (50%)

Puts: $6.42M (50%)

Prior (09/28) $25.06M

Calls: $12.18M (49%)

Puts: $12.89M (51%)

Current vs Prior -48.49%

Calls: -46.69%

Puts: -50.18%

Prior 7-Day Total $204.52M

Calls: $129.07M (63%)

Puts: $75.45M (37%)

Prior 7-Day Average $29.22M

Calls: $18.44M (63%)

Puts: $10.78M (37%)

Current vs Prior 7-Day Avg -55.81%

Calls: -64.80%

Puts: -40.44%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/29) 0.46

Prior (09/28) 0.68

Current vs Prior -32.32%

Prior 7-Day Average 0.48

Current vs Prior 7-Day Avg -3.48%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/29) 356,124

Calls: 220,310 (62%)

Puts: 135,814 (38%)

Prior (09/28) 367,317

Calls: 220,440 (60%)

Puts: 146,877 (40%)

Current vs Prior -3.05%

Prior 7-Day Total 2,825,482

Calls: 1,763,950 (62%)

Puts: 1,061,532 (38%)

Prior 7-Day Average 403,640

Calls: 251,992 (62%)

Puts: 151,647 (38%)

Current vs Prior 7-Day Avg -11.77%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 3.14% | 4.85%6.21% | 13.64%

Prior 3.58% | 4.95%6.32% | 14.13%

Current vs Prior -12.26% | -1.99%-1.71% | -3.49%

Prior 7-Day Avg 3.57% | 5.20%5.26% | 11.93%

Current vs 7-Day Avg -12.12% | -6.56%+18.20% | +14.29%

Prior 7-Day Eod 3.58% | 4.95%6.32% | 14.13%

Current vs 7-Day Eod -12.26% | -1.99%-1.71% | -3.49%

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 16.38% | 10.57%

Calls: 11.70% | 8.97%

Puts: 21.06% | 12.19%

Current vs 7-Day Avg +9.84% | -8.92%

Liquidity Expensive

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🤖 AI Insights

Below-average activity with volume down 42% vs prior. Extreme bullish P/C ratio of 0.46 - heavy call buying (17,592 calls vs 8,124 puts). P/C ratio dropping 32% - sentiment shifting bullish. Call-heavy open interest (220,310 calls vs 135,814 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 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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📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

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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 30 of results (avg 8.1%, best 4.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 16	4.05	4.25	$4.15	4.8%	138	0.40	2.7K
$220.00	Oct 30	11.45	12.05	$11.75	5.1%	14	0.53	39
$220.00	Oct 16	6.10	6.50	$6.30	6.3%	99	0.52	547
$222.50	Oct 2	1.82	1.95	$1.89	6.9%	246	0.38	148
$225.00	Oct 9	2.68	2.88	$2.78	7.2%	166	0.36	121

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$220.00	Oct 23	9.70	10.35	$10.02	6.5%	65	0.47	176
$250.00	Oct 30	30.65	32.75	$31.70	6.6%	3	0.81	31
$250.00	Oct 23	31.05	33.30	$32.17	7.0%	2	0.83	111
$240.00	Oct 30	23.05	24.85	$23.95	7.5%	2	0.72	60
$240.00	Oct 23	21.85	23.60	$22.73	7.7%	8	0.74	86

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 10 found (avg $0.50, cheapest $0.26)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$232.50	Oct 2	0.23	0.25	$0.24	8.3%	1.5K	0.07	655
$235.00	Oct 2	0.15	0.17	$0.16	12.5%	632	0.05	1.6K
$230.00	Oct 2	0.37	0.42	$0.40	12.5%	699	0.11	1.1K
$240.00	Oct 2	0.08	0.09	$0.09	11.1%	1.6K	0.02	2.4K
$227.50	Oct 2	0.61	0.73	$0.67	17.9%	372	0.17	657

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$210.00	Oct 2	0.23	0.28	$0.26	19.2%	157	0.08	1.3K
$215.00	Oct 2	0.84	0.99	$0.92	16.3%	367	0.22	1.9K
$185.00	Oct 23	0.82	0.98	$0.90	17.8%	7	0.07	48

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 70 found (avg delta 0.77, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$195.00	Oct 2	24.80	27.30	$26.05	9.6%	2	1.00	--
$185.00	Oct 2	34.40	37.30	$35.85	8.1%	2	1.00	--
$190.00	Oct 9	29.25	32.55	$30.90	10.7%	1	0.98	2
$200.00	Oct 2	19.35	22.30	$20.83	14.2%	2	0.98	--
$190.00	Oct 16	29.45	32.15	$30.80	8.8%	1	0.97	125

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	18.60	21.20	$19.90	13.1%	13	1.00	138
$242.50	Oct 2	20.60	24.15	$22.38	15.9%	2	1.00	26
$245.00	Oct 2	22.85	26.20	$24.53	13.7%	11	1.00	--
$260.00	Oct 2	37.80	41.65	$39.72	9.7%	1	1.00	--
$237.50	Oct 2	15.70	19.15	$17.42	19.8%	1	0.96	--

Most actively traded options today. High liquidity = easy entry/exit. 197 active (total vol 16.1K, top 1.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	0.08	0.09	$0.09	11.1%	1.6K	0.02	2.4K
$232.50	Oct 2	0.23	0.25	$0.24	8.3%	1.5K	0.07	655
$225.00	Oct 2	1.02	1.22	$1.12	17.9%	716	0.26	895
$230.00	Oct 2	0.37	0.42	$0.40	12.5%	699	0.11	1.1K
$235.00	Oct 2	0.15	0.17	$0.16	12.5%	632	0.05	1.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$215.00	Oct 16	3.40	3.80	$3.60	11.1%	555	0.35	3.0K
$215.00	Oct 2	0.84	0.99	$0.92	16.3%	367	0.22	1.9K
$220.00	Oct 2	2.41	2.90	$2.66	18.4%	326	0.48	832
$190.00	Oct 16	0.09	0.30	$0.20	105.0%	289	0.03	3.6K
$210.00	Oct 9	0.96	1.20	$1.08	22.2%	255	0.17	145

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 11.6%, max 14.6%)

CALLS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$217.50	Oct 2	Oct 16	35.6%	31.1%	14.6%	50	103
$227.50	Oct 2	Oct 16	37.8%	33.3%	13.6%	417	971
$222.50	Oct 2	Oct 16	36.7%	34.4%	6.5%	273	240

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$217.50	Oct 2	Oct 16	35.6%	31.1%	14.6%	266	814
$227.50	Oct 2	Oct 16	37.8%	33.3%	13.6%	48	466
$222.50	Oct 2	Oct 16	36.7%	34.4%	6.5%	243	458

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 117 found (best R:R 0.50, avg 5.62)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$200.00	$215.00	Oct 30	$9.97	$5.03	$9.97	79%	0.50	$209.97
$230.00	$235.00	Nov 6	$0.95	$4.05	$0.95	40%	4.26	$230.95
$205.00	$210.00	Oct 23	$3.17	$1.83	$3.17	75%	0.58	$208.17
$215.00	$217.50	Oct 16	$1.13	$1.37	$1.13	65%	1.21	$216.13
$220.00	$222.50	Oct 16	$0.80	$1.70	$0.80	52%	2.13	$220.80

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$232.50	$230.00	Oct 9	$1.65	$0.85	$1.65	85%	0.52	$230.85
$240.00	$235.00	Oct 23	$3.28	$1.72	$3.28	74%	0.52	$236.72
$222.50	$220.00	Oct 16	$1.03	$1.47	$1.03	54%	1.43	$221.47
$227.50	$225.00	Oct 9	$1.52	$0.98	$1.52	72%	0.64	$225.98
$230.00	$227.50	Oct 16	$1.55	$0.95	$1.55	72%	0.61	$228.45

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 87 found (best R:R 0.21, avg 0.31)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$235.00	$240.00	Nov 6	$1.97	$1.97	$3.03	65%	0.65	$236.97
$222.50	$225.00	Oct 16	$1.35	$1.35	$1.15	54%	1.17	$223.85
$220.00	$222.50	Oct 9	$1.51	$1.51	$0.99	47%	1.53	$221.51
$220.00	$230.00	Nov 6	$4.88	$4.88	$5.12	47%	0.95	$224.88
$247.50	$250.00	Oct 2	$0.10	$0.10	$2.40	97%	0.04	$247.60

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$195.00	$185.00	Nov 6	$1.74	$1.74	$8.26	82%	0.21	$193.26
$215.00	$205.00	Nov 6	$3.75	$3.75	$6.25	59%	0.60	$211.25
$215.00	$210.00	Oct 30	$2.17	$2.17	$2.83	60%	0.77	$212.83
$185.00	$180.00	Oct 23	$0.48	$0.48	$4.52	93%	0.11	$184.52
$205.00	$200.00	Nov 6	$1.42	$1.42	$3.58	72%	0.40	$203.58

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $1.84, cheapest $1.52)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$222.50	Oct 2	Oct 9	$1.83	36.7%	31.6%
$217.50	Oct 2	Oct 9	$2.08	35.6%	32.1%
$220.00	Oct 2	Oct 9	$2.32	34.9%	32.1%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$222.50	Oct 2	Oct 9	$1.52	36.7%	31.6%
$217.50	Oct 2	Oct 9	$1.59	35.6%	32.1%
$220.00	Oct 2	Oct 9	$1.69	34.9%	32.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 54 found (cheapest 2.53% of stock, avg 7.44%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$220.00	Oct 2	$2.91	$2.66	$5.57	$214.43	$225.57	2.53%
$217.50	Oct 2	$4.25	$1.64	$5.89	$211.61	$223.39	2.68%
$222.50	Oct 2	$1.89	$4.18	$6.07	$216.43	$228.57	2.76%
$225.00	Oct 2	$1.12	$5.82	$6.94	$218.06	$231.94	3.15%
$215.00	Oct 2	$6.20	$0.92	$7.12	$207.88	$222.12	3.24%
$227.50	Oct 2	$0.67	$7.85	$8.52	$218.98	$236.02	3.87%
$212.50	Oct 2	$8.38	$0.47	$8.85	$203.65	$221.35	4.02%
$222.50	Oct 9	$3.72	$5.70	$9.42	$213.08	$231.92	4.28%
$217.50	Oct 9	$6.33	$3.23	$9.56	$207.94	$227.06	4.35%
$220.00	Oct 9	$5.23	$4.35	$9.58	$210.42	$229.58	4.35%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.23% of stock, avg 3.88%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$232.50	$210.00	Oct 2	$0.24	$0.26	$0.50	$209.50	$233.00
$230.00	$210.00	Oct 2	$0.40	$0.26	$0.66	$209.34	$230.66
$232.50	$212.50	Oct 2	$0.24	$0.47	$0.71	$211.79	$233.21
$230.00	$212.50	Oct 2	$0.40	$0.47	$0.87	$211.63	$230.87
$227.50	$210.00	Oct 2	$0.67	$0.26	$0.93	$209.07	$228.43
$227.50	$212.50	Oct 2	$0.67	$0.47	$1.14	$211.36	$228.64
$232.50	$215.00	Oct 2	$0.24	$0.92	$1.16	$213.84	$233.66
$230.00	$215.00	Oct 2	$0.40	$0.92	$1.32	$213.68	$231.32
$227.50	$215.00	Oct 2	$0.67	$0.92	$1.59	$213.41	$229.09
$225.00	$210.00	Oct 2	$1.12	$0.26	$1.38	$208.62	$226.38

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 171 found (best R:R 1.19, avg credit $1.17)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
205/208	228/230	Oct 16	$1.36	$1.14	48%	1.19	$206.14	$228.86
210/212	228/230	Oct 16	$1.58	$0.92	38%	1.72	$210.92	$229.08
212/215	252/255	Oct 9	$0.87	$1.63	66%	0.53	$214.13	$253.37
205/208	252/255	Oct 9	$0.43	$2.07	83%	0.21	$207.07	$252.93
205/208	242/245	Oct 16	$0.73	$1.77	71%	0.41	$206.77	$243.23
180/185	255/260	Oct 23	$1.04	$3.96	79%	0.26	$183.96	$256.04
205/208	238/240	Oct 16	$0.85	$1.65	66%	0.52	$206.65	$238.35
210/212	252/255	Oct 9	$0.66	$1.84	73%	0.36	$211.84	$253.16
212/215	228/230	Oct 16	$1.71	$0.79	31%	2.16	$213.29	$229.21
210/212	242/245	Oct 16	$0.95	$1.55	61%	0.61	$211.55	$243.45

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 99 found (best R:R 54.56, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$230.00	$235.00	$240.00	Oct 23	$0.10	$4.90	13%	49.00
$230.00	$235.00	$240.00	Oct 30	$0.13	$4.87	12%	37.46
$220.00	$225.00	$230.00	Oct 30	$0.17	$4.83	13%	28.41
$220.00	$222.50	$225.00	Oct 2	$0.25	$2.25	26%	9.00
$225.00	$230.00	$235.00	Oct 23	$0.28	$4.72	13%	16.86

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$215.00	$220.00	$225.00	Oct 23	$0.09	$4.91	15%	54.56
$220.00	$222.50	$225.00	Oct 2	$0.12	$2.38	26%	19.83
$210.00	$215.00	$220.00	Oct 30	$0.26	$4.74	14%	18.23
$212.50	$215.00	$217.50	Oct 16	$0.06	$2.44	13%	40.67
$212.50	$215.00	$217.50	Oct 9	$0.11	$2.39	15%	21.73

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 120 found (best net $-9.34, 110 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$200.00	$215.00	1:2	Oct 30	-$4.56	$10.44
$200.00	$210.00	1:2	Oct 16	-$4.28	$5.72
$220.00	$230.00	1:2	Nov 6	-$3.17	$6.83
$210.00	$220.00	1:2	Oct 23	-$5.02	$4.98
$212.50	$217.50	1:2	Oct 9	-$2.63	$2.37

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$260.00	$245.00	1:2	Oct 2	-$9.34	$5.66
$215.00	$205.00	1:2	Nov 6	-$1.70	$8.30
$217.50	$215.00	1:2	Oct 2	-$0.20	$2.30
$220.00	$217.50	1:2	Oct 2	-$0.62	$1.88
$205.00	$200.00	1:2	Oct 16	-$0.08	$4.92

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 53 found (best yield 5.25%, avg 1.50%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$220.00	Nov 6	$11.55	0.53	0.0%	5.25%	5.25%	2	--
$220.00	Oct 30	$11.45	0.53	0.0%	5.20%	5.21%	14	39
$225.00	Oct 30	$9.15	0.46	2.3%	4.16%	6.44%	36	89
$230.00	Oct 30	$7.15	0.40	4.5%	3.25%	7.80%	45	224
$230.00	Nov 6	$7.10	0.40	4.5%	3.23%	7.78%	22	17
$235.00	Oct 30	$5.75	0.34	6.8%	2.61%	9.44%	16	--
$235.00	Nov 6	$5.20	0.35	6.8%	2.36%	9.19%	3	9
$225.00	Oct 23	$8.10	0.46	2.3%	3.68%	5.96%	27	67
$230.00	Oct 23	$6.50	0.39	4.5%	2.95%	7.50%	22	211
$240.00	Oct 30	$4.40	0.28	9.1%	2.00%	11.10%	23	145

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 17,592

Total Puts 8,124

Put/Call Ratio 0.46

Net Difference 9,468

Prior's Put/Call Breakdown

Total Calls 26,353

Total Puts 17,982

Put/Call Ratio 0.68

Net Difference 8,371

Prior 7-Day Put/Call Summary

Total Calls 271,669

Total Puts 116,769

Average Put/Call Ratio 0.48

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

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Price — Past 7 Days

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