IBM - Options Database

IBM

IBM CORP

$221.98 -1.61%

(10/1 18:27) ◀

Friday, October 2, 2026 (3:12pm)

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◀ 10/2 15:12

Option Volume

Detail

ℹ

Current (10/02) 41,174

Calls: 23,511 (57%)

Puts: 17,663 (43%)

Prior (10/01) 86,256

Calls: 57,666 (67%)

Puts: 28,590 (33%)

Current vs Prior -52.27%

Calls: -59.23% (Calls)

Puts: -38.22% (Puts)

Prior 7-Day Total 322,121

Calls: 212,578 (66%)

Puts: 109,543 (34%)

Prior 7-Day Average 46,017

Calls: 30,368 (66%)

Puts: 15,649 (34%)

Current vs Prior 7-Day Avg -10.52%

Calls: -22.58%

Puts: +12.87%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/02) $13.78M

Calls: $8.48M (62%)

Puts: $5.30M (38%)

Prior (10/01) $34.73M

Calls: $15.66M (45%)

Puts: $19.07M (55%)

Current vs Prior -60.31%

Calls: -45.87%

Puts: -72.18%

Prior 7-Day Total $159.67M

Calls: $82.80M (52%)

Puts: $76.87M (48%)

Prior 7-Day Average $22.81M

Calls: $11.83M (52%)

Puts: $10.98M (48%)

Current vs Prior 7-Day Avg -39.58%

Calls: -28.33%

Puts: -51.70%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/02) 0.75

Prior (10/01) 0.50

Current vs Prior +51.53%

Prior 7-Day Average 0.53

Current vs Prior 7-Day Avg +43.03%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (10/02) 610,837

Calls: 339,863 (56%)

Puts: 270,974 (44%)

Prior (10/01) 408,272

Calls: 235,939 (58%)

Puts: 172,333 (42%)

Current vs Prior +49.62%

Prior 7-Day Total 2,574,847

Calls: 1,572,201 (61%)

Puts: 1,002,646 (39%)

Prior 7-Day Average 367,835

Calls: 224,600 (61%)

Puts: 143,235 (39%)

Current vs Prior 7-Day Avg +66.06%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 1.23% | 3.83%5.33% | 13.22%

Prior 2.32% | 4.37%5.72% | 13.61%

Current vs Prior -47.24% | -12.29%-6.79% | -2.83%

Prior 7-Day Avg 3.15% | 4.87%6.53% | 13.97%

Current vs 7-Day Avg -61.12% | -21.32%-18.43% | -5.33%

Prior 7-Day Eod 2.32% | 4.37%5.72% | 13.61%

Current vs 7-Day Eod -47.24% | -12.29%-6.79% | -2.83%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 39.52% | 6.88%

Calls: 27.78% | 8.42%

Puts: 51.25% | 5.33%

Prior 28.11% | 13.11%

Calls: 24.34% | 10.53%

Puts: 31.88% | 15.69%

Current vs Prior +40.59% | -47.52%

Prior 7-Day Avg 19.44% | 10.13%

Calls: 13.21% | 8.46%

Puts: 25.67% | 11.81%

Current vs 7-Day Avg +103.34% | -32.06%

Liquidity Pricy

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Moderately bullish flow with 62% call dollar volume ($8.48M). Light premium activity with dollar volume down 60% vs prior. Below-average activity with volume down 52% vs prior. P/C ratio rising 52% - increased hedging/bearish 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 NEUTRAL

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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⚡ Straddles

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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 107 of results (avg 6.8%, best 3.0%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 30	7.80	8.05	$7.93	3.2%	44	0.41	378
$215.00	Oct 30	14.80	15.30	$15.05	3.3%	4	0.63	14
$220.00	Oct 23	11.20	11.60	$11.40	3.5%	22	0.56	59
$225.00	Oct 30	9.75	10.15	$9.95	4.0%	19	0.48	104
$220.00	Oct 30	12.05	12.55	$12.30	4.1%	81	0.55	50

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 30	15.00	15.45	$15.23	3.0%	1	0.58	47
$210.00	Oct 23	4.75	4.90	$4.83	3.1%	85	0.29	412
$200.00	Oct 30	2.83	2.92	$2.88	3.1%	20	0.18	314
$225.00	Oct 30	12.00	12.45	$12.23	3.7%	3	0.52	164
$245.00	Oct 16	22.60	23.55	$23.08	4.1%	--	0.93	351

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 16 found (avg $0.44, cheapest $0.12)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 9	0.20	0.24	$0.22	18.2%	398	0.05	602
$237.50	Oct 9	0.30	0.35	$0.32	15.6%	603	0.07	465
$235.00	Oct 9	0.45	0.52	$0.49	14.3%	342	0.10	463
$250.00	Oct 9	0.06	0.07	$0.07	14.3%	129	0.01	695
$232.50	Oct 9	0.68	0.76	$0.72	11.1%	250	0.15	187

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$205.00	Oct 9	0.11	0.13	$0.12	16.7%	599	0.03	338
$207.50	Oct 9	0.19	0.23	$0.21	19.0%	358	0.05	87
$210.00	Oct 9	0.34	0.38	$0.36	11.1%	213	0.09	1.2K
$212.50	Oct 9	0.62	0.66	$0.64	6.3%	294	0.14	131
$200.00	Oct 16	0.27	0.30	$0.29	10.3%	32	0.05	3.9K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 90 found (avg delta 0.80, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$185.00	Oct 2	36.50	38.35	$37.42	4.9%	3	1.00	1
$200.00	Oct 2	20.75	23.15	$21.95	10.9%	3	1.00	155
$202.50	Oct 2	18.80	21.40	$20.10	12.9%	2	1.00	8
$205.00	Oct 2	15.75	18.35	$17.05	15.2%	2	1.00	2
$210.00	Oct 2	11.40	13.35	$12.38	15.8%	24	1.00	40

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$245.00	Oct 9	21.75	24.85	$23.30	13.3%	4	1.00	37
$255.00	Oct 2	32.15	34.00	$33.08	5.6%	1	1.00	2
$260.00	Oct 2	36.70	39.45	$38.08	7.2%	2	1.00	2
$237.50	Oct 2	14.20	16.25	$15.23	13.5%	2	1.00	44
$232.50	Oct 2	9.70	11.00	$10.35	12.6%	20	1.00	114

Most actively traded options today. High liquidity = easy entry/exit. 225 active (total vol 33.1K, top 2.4K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 2	0.00	0.01	$0.01	100.0%	2.4K	0.01	1.1K
$225.00	Oct 2	0.00	0.01	$0.01	100.0%	1.8K	0.01	870
$235.00	Oct 2	0.00	0.01	$0.01	100.0%	1.6K	0.00	5.5K
$227.50	Oct 2	0.00	0.01	$0.01	100.0%	1.2K	0.01	947
$222.50	Oct 2	0.14	0.25	$0.20	55.0%	712	0.30	215

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$220.00	Oct 2	0.00	0.02	$0.01	200.0%	2.0K	0.03	2.1K
$215.00	Oct 16	2.10	2.42	$2.26	14.2%	1.7K	0.28	3.3K
$222.50	Oct 2	0.53	0.94	$0.74	55.4%	911	0.70	342
$217.50	Oct 2	0.00	0.01	$0.01	100.0%	774	0.01	839
$225.00	Oct 2	2.73	3.40	$3.07	21.8%	697	0.99	660

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 37.6%, max 39.2%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$222.50	Oct 2	Oct 16	42.6%	31.4%	36.0%	791	373

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$222.50	Oct 2	Oct 16	43.6%	31.4%	39.2%	1.1K	513

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 125 found (best R:R 0.68, avg 5.10)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$205.00	$210.00	Oct 23	$2.98	$2.02	$2.98	78%	0.68	$207.98
$250.00	$255.00	Nov 6	$0.40	$4.60	$0.40	22%	11.50	$250.40
$260.00	$265.00	Nov 6	$0.12	$4.88	$0.12	15%	40.67	$260.12
$210.00	$220.00	Nov 13	$5.64	$4.36	$5.64	67%	0.77	$215.64
$235.00	$240.00	Nov 13	$1.22	$3.78	$1.22	37%	3.10	$236.22

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$200.00	$195.00	Nov 13	$0.63	$4.37	$0.63	22%	6.94	$199.37
$227.50	$225.00	Oct 16	$1.46	$1.04	$1.46	64%	0.71	$226.04
$227.50	$225.00	Oct 9	$1.65	$0.85	$1.65	71%	0.52	$225.85
$210.00	$207.50	Oct 16	$0.32	$2.18	$0.32	16%	6.81	$209.68
$185.00	$180.00	Oct 30	$0.27	$4.73	$0.27	7%	17.52	$184.73

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 94 found (best R:R 0.23, avg 0.30)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$257.50	$260.00	Oct 9	$0.37	$0.37	$2.13	95%	0.17	$257.87
$255.00	$260.00	Nov 6	$0.93	$0.93	$4.07	81%	0.23	$255.93
$222.50	$225.00	Oct 2	$0.19	$0.19	$2.31	70%	0.08	$222.69
$247.50	$250.00	Oct 9	$0.14	$0.14	$2.36	96%	0.06	$247.64
$250.00	$252.50	Oct 16	$0.13	$0.13	$2.37	95%	0.05	$250.13

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$190.00	$185.00	Oct 2	$0.92	$0.92	$4.08	92%	0.23	$189.08
$195.00	$190.00	Nov 13	$1.32	$1.32	$3.68	82%	0.36	$193.68
$215.00	$205.00	Nov 13	$3.72	$3.72	$6.28	61%	0.59	$211.28
$205.00	$200.00	Nov 13	$1.50	$1.50	$3.50	73%	0.43	$203.50
$220.00	$215.00	Nov 6	$2.37	$2.37	$2.63	55%	0.90	$217.63

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 1 found (avg debit $3.28, cheapest $3.28)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$222.50	Oct 2	Oct 9	$3.28	42.6%	30.0%

PUTS (0)

No puts found

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 66 found (cheapest 0.42% of stock, avg 7.31%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$222.50	Oct 2	$0.20	$0.74	$0.94	$221.56	$223.44	0.42%
$220.00	Oct 2	$1.98	$0.01	$1.99	$218.01	$221.99	0.90%
$225.00	Oct 2	$0.01	$3.07	$3.08	$221.92	$228.08	1.39%
$217.50	Oct 2	$4.30	$0.01	$4.31	$213.19	$221.81	1.94%
$227.50	Oct 2	$0.01	$5.60	$5.61	$221.89	$233.11	2.53%
$215.00	Oct 2	$7.23	$0.01	$7.24	$207.76	$222.24	3.26%
$222.50	Oct 9	$3.48	$3.75	$7.23	$215.27	$229.73	3.26%
$220.00	Oct 9	$4.75	$2.61	$7.36	$212.64	$227.36	3.32%
$225.00	Oct 9	$2.45	$5.28	$7.73	$217.27	$232.73	3.48%
$217.50	Oct 9	$6.40	$1.69	$8.09	$209.41	$225.59	3.64%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 151 found (cheapest 0.49% of stock, avg 4.50%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$232.50	$210.00	Oct 9	$0.72	$0.36	$1.08	$208.92	$233.58
$232.50	$212.50	Oct 9	$0.72	$0.64	$1.36	$211.14	$233.86
$222.50	$190.00	Oct 2	$0.20	$1.07	$1.27	$188.73	$223.77
$230.00	$210.00	Oct 9	$1.10	$0.36	$1.46	$208.54	$231.46
$230.00	$212.50	Oct 9	$1.10	$0.64	$1.74	$210.76	$231.74
$232.50	$215.00	Oct 9	$0.72	$1.07	$1.79	$213.21	$234.29
$230.00	$215.00	Oct 9	$1.10	$1.07	$2.17	$212.83	$232.17
$227.50	$210.00	Oct 9	$1.65	$0.36	$2.01	$207.99	$229.51
$227.50	$212.50	Oct 9	$1.65	$0.64	$2.29	$210.21	$229.79
$232.50	$217.50	Oct 9	$0.72	$1.69	$2.41	$215.09	$234.91

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 175 found (best R:R 1.19, avg credit $1.27)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
190/195	240/245	Nov 13	$2.72	$2.28	50%	1.19	$192.28	$242.72
208/210	258/260	Oct 9	$0.52	$1.98	87%	0.26	$209.48	$258.02
210/212	258/260	Oct 9	$0.65	$1.85	81%	0.35	$211.85	$258.15
212/215	258/260	Oct 9	$0.80	$1.70	74%	0.47	$214.20	$258.30
215/218	258/260	Oct 9	$0.99	$1.51	66%	0.66	$216.51	$258.49
185/190	255/260	Nov 6	$1.64	$3.36	69%	0.49	$188.36	$256.64
190/195	250/255	Nov 13	$2.12	$2.88	59%	0.74	$192.88	$252.12
190/195	245/250	Nov 13	$2.32	$2.68	55%	0.87	$192.68	$247.32
205/210	255/260	Nov 6	$2.56	$2.44	50%	1.05	$207.44	$257.56
200/205	255/260	Nov 6	$2.22	$2.78	56%	0.80	$202.78	$257.22

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 141 found (best R:R 3.63, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$217.50	$220.00	$222.50	Oct 2	$0.54	$1.96	70%	3.63
$220.00	$222.50	$225.00	Oct 2	$1.59	$0.91	99%	0.57
$225.00	$230.00	$235.00	Nov 6	$0.09	$4.91	12%	54.56
$222.50	$225.00	$227.50	Oct 2	$0.19	$2.31	29%	12.16
$210.00	$215.00	$220.00	Nov 6	$0.19	$4.81	13%	25.32

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$217.50	$220.00	$222.50	Oct 2	$0.73	$1.77	70%	2.42
$220.00	$222.50	$225.00	Oct 2	$1.60	$0.90	96%	0.56
$215.00	$220.00	$225.00	Nov 6	$0.06	$4.94	13%	82.33
$230.00	$235.00	$240.00	Oct 23	$0.10	$4.90	13%	49.00
$225.00	$230.00	$235.00	Oct 30	$0.15	$4.85	13%	32.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 149 found (best net $-3.76, 135 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$190.00	$210.00	1:2	Nov 6	-$3.76	$16.24
$215.00	$217.50	1:2	Oct 2	-$1.37	$1.13
$230.00	$232.50	1:2	Oct 9	-$0.34	$2.16
$235.00	$237.50	1:2	Oct 9	-$0.15	$2.35
$250.00	$252.50	1:2	Oct 16	-$0.05	$2.45

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$227.50	$225.00	1:2	Oct 2	-$0.54	$1.96
$215.00	$205.00	1:2	Nov 13	-$2.06	$7.94
$215.00	$212.50	1:2	Oct 9	-$0.21	$2.29
$212.50	$210.00	1:2	Oct 9	-$0.08	$2.42
$217.50	$215.00	1:2	Oct 9	-$0.45	$2.05

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 53 found (best yield 3.96%, avg 1.56%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$230.00	Nov 6	$8.80	0.43	3.6%	3.96%	7.58%	5	26
$230.00	Nov 13	$8.80	0.42	3.6%	3.96%	7.58%	5	1
$235.00	Nov 13	$7.25	0.37	5.9%	3.27%	9.13%	14	6
$225.00	Nov 6	$10.50	0.49	1.4%	4.73%	6.09%	1	15
$240.00	Nov 13	$5.85	0.32	8.1%	2.64%	10.75%	20	1
$235.00	Nov 6	$6.80	0.37	5.9%	3.06%	8.93%	10	53
$225.00	Oct 30	$9.75	0.48	1.4%	4.39%	5.75%	19	104
$230.00	Oct 30	$7.80	0.41	3.6%	3.51%	7.13%	44	378
$240.00	Nov 6	$5.30	0.31	8.1%	2.39%	10.51%	5	28
$245.00	Nov 13	$4.65	0.27	10.4%	2.09%	12.47%	17	20

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 23,511

Total Puts 17,663

Put/Call Ratio 0.75

Net Difference 5,848

Prior's Put/Call Breakdown

Total Calls 57,666

Total Puts 28,590

Put/Call Ratio 0.50

Net Difference 29,076

Prior 7-Day Put/Call Summary

Total Calls 212,578

Total Puts 109,543

Average Put/Call Ratio 0.53

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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