IBM - Options Database

IBM

IBM CORP

$222.64 -1.32%

$222.54 (-0.04%)🌙

as of 10/02 06:25 PM

(10/2 15:12) ◀

Friday, October 2, 2026 (6:25pm)

▶ (10/5 18:27)

◀ 10/2 18:25 ▶

Option Volume

Detail

ℹ

Current (10/02) 50,294

Calls: 28,030 (56%)

Puts: 22,264 (44%)

Prior (10/01) 86,256

Calls: 57,666 (67%)

Puts: 28,590 (33%)

Current vs Prior -41.69%

Calls: -51.39% (Calls)

Puts: -22.13% (Puts)

Prior 7-Day Total 319,176

Calls: 202,414 (63%)

Puts: 116,762 (37%)

Prior 7-Day Average 45,596

Calls: 28,916 (63%)

Puts: 16,680 (37%)

Current vs Prior 7-Day Avg +10.30%

Calls: -3.07%

Puts: +33.47%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/02) $15.96M

Calls: $9.83M (62%)

Puts: $6.13M (38%)

Prior (10/01) $34.73M

Calls: $15.66M (45%)

Puts: $19.07M (55%)

Current vs Prior -54.05%

Calls: -37.24%

Puts: -67.85%

Prior 7-Day Total $150.07M

Calls: $73.02M (49%)

Puts: $77.05M (51%)

Prior 7-Day Average $21.44M

Calls: $10.43M (49%)

Puts: $11.01M (51%)

Current vs Prior 7-Day Avg -25.56%

Calls: -5.77%

Puts: -44.32%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/02) 0.79

Prior (10/01) 0.50

Current vs Prior +60.21%

Prior 7-Day Average 0.59

Current vs Prior 7-Day Avg +35.02%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (10/02) 386,939

Calls: 226,083 (58%)

Puts: 160,856 (42%)

Prior (10/01) 408,272

Calls: 235,939 (58%)

Puts: 172,333 (42%)

Current vs Prior -5.23%

Prior 7-Day Total 2,820,458

Calls: 1,687,655 (60%)

Puts: 1,132,803 (40%)

Prior 7-Day Average 402,922

Calls: 241,093 (60%)

Puts: 161,829 (40%)

Current vs Prior 7-Day Avg -3.97%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 1.40% | 3.90%5.44% | 13.06%

Prior 2.32% | 4.37%5.72% | 13.61%

Current vs Prior +67.87% | +24.59%-4.87% | -4.01%

Prior 7-Day Avg 3.04% | 4.78%6.32% | 13.83%

Current vs 7-Day Avg +28.12% | +13.89%-13.90% | -5.57%

Prior 7-Day Eod 1.23% | 3.83%5.72% | 13.61%

Current vs 7-Day Eod +218.17% | +42.05%-4.87% | -4.01%

Sentiment BEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 28.11% | 13.11%

Calls: 24.34% | 10.53%

Puts: 31.88% | 15.69%

Prior 28.11% | 13.11%

Calls: 24.34% | 10.53%

Puts: 31.88% | 15.69%

Current vs Prior +0.00% | +0.00%

Prior 7-Day Avg 22.51% | 9.73%

Calls: 13.52% | 8.51%

Puts: 25.84% | 11.91%

Current vs 7-Day Avg +24.87% | +34.68%

Liquidity Expensive

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Moderately bullish flow with 62% call dollar volume ($9.83M). Light premium activity with dollar volume down 54% vs prior. Below-average activity with volume down 42% vs prior. P/C ratio rising 60% - 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 BEARISH

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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💰 Best Value Under $1

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⏰ Backwardation

📈 Debit Spreads

📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

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⚖️ Ratio Spreads

🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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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 34 of results (avg 8.1%, best 5.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 23	5.40	5.75	$5.58	6.3%	328	0.34	610
$227.50	Oct 16	3.25	3.50	$3.38	7.4%	83	0.37	271
$180.00	Oct 2	40.65	43.85	$42.25	7.6%	2	0.92	--
$225.00	Oct 9	2.47	2.67	$2.57	7.8%	430	0.40	355
$190.00	Nov 6	33.35	36.20	$34.78	8.2%	2	0.88	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$220.00	Oct 30	9.10	9.60	$9.35	5.3%	11	0.44	136
$210.00	Oct 30	5.20	5.50	$5.35	5.6%	17	0.30	332
$220.00	Oct 23	8.35	8.90	$8.63	6.4%	94	0.44	316
$260.00	Oct 16	36.65	39.30	$37.97	7.0%	1	0.97	63
$225.00	Oct 23	10.90	11.70	$11.30	7.1%	76	0.52	318

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.58, cheapest $0.28)

CALLS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$250.00	Oct 16	0.28	0.33	$0.31	16.1%	932	0.05	5.2K
$245.00	Oct 16	0.44	0.51	$0.48	14.6%	244	0.07	1.3K
$240.00	Oct 16	0.76	0.88	$0.82	14.6%	200	0.12	3.6K
$265.00	Oct 23	0.90	1.08	$0.99	18.2%	15	0.08	163

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 16	0.27	0.29	$0.28	7.1%	35	0.05	3.9K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 81 found (avg delta 0.79, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$185.00	Oct 2	35.65	38.85	$37.25	8.6%	3	1.00	--
$200.00	Oct 2	20.75	23.30	$22.03	11.6%	3	1.00	--
$202.50	Oct 2	18.15	21.35	$19.75	16.2%	2	1.00	--
$205.00	Oct 2	15.65	18.85	$17.25	18.6%	2	1.00	2
$210.00	Oct 2	10.65	13.85	$12.25	26.1%	24	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Oct 2	36.70	39.50	$38.10	7.3%	2	1.00	2
$255.00	Oct 2	31.70	34.35	$33.03	8.0%	1	1.00	2
$235.00	Oct 2	12.15	13.05	$12.60	7.1%	41	1.00	158
$237.50	Oct 2	14.25	16.30	$15.28	13.4%	2	1.00	44
$232.50	Oct 2	9.65	11.80	$10.73	20.0%	20	0.99	114

Most actively traded options today. High liquidity = easy entry/exit. 230 active (total vol 40.6K, 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
$230.00	Oct 9	1.11	1.25	$1.18	11.9%	1.1K	0.22	851

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$220.00	Oct 2	0.00	0.01	$0.01	100.0%	2.0K	0.01	2.1K
$215.00	Oct 16	2.02	2.31	$2.17	13.4%	1.7K	0.27	3.3K
$207.50	Oct 9	0.16	0.24	$0.20	40.0%	1.2K	0.05	87
$210.00	Oct 9	0.30	0.37	$0.34	20.6%	1.1K	0.08	1.2K
$222.50	Oct 2	0.20	0.46	$0.33	78.8%	1.0K	0.52	342

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 52.6%, max 52.6%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$222.50	Oct 2	Oct 16	43.7%	28.6%	52.6%	1.2K	373

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$222.50	Oct 2	Oct 16	43.7%	28.6%	52.6%	1.2K	513

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 119 found (best R:R 1.27, avg 5.01)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$215.00	$220.00	Oct 30	$2.20	$2.80	$2.20	63%	1.27	$217.20
$212.50	$215.00	Oct 9	$1.60	$0.90	$1.60	88%	0.56	$214.10
$235.00	$240.00	Nov 6	$1.15	$3.85	$1.15	37%	3.35	$236.15
$235.00	$240.00	Nov 13	$1.15	$3.85	$1.15	36%	3.35	$236.15
$230.00	$235.00	Oct 30	$1.42	$3.58	$1.42	42%	2.52	$231.42

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$222.50	$220.00	Oct 16	$0.90	$1.60	$0.90	49%	1.78	$221.60
$230.00	$227.50	Oct 16	$1.50	$1.00	$1.50	70%	0.67	$228.50
$195.00	$190.00	Nov 13	$0.60	$4.40	$0.60	16%	7.33	$194.40
$235.00	$230.00	Oct 23	$3.12	$1.88	$3.12	66%	0.60	$231.88
$220.00	$217.50	Oct 9	$0.73	$1.77	$0.73	38%	2.42	$219.27

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 90 found (best R:R 0.84, avg 0.31)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$240.00	$245.00	Nov 6	$1.73	$1.73	$3.27	68%	0.53	$241.73
$230.00	$232.50	Oct 9	$0.54	$0.54	$1.96	78%	0.28	$230.54
$235.00	$240.00	Oct 30	$1.68	$1.68	$3.32	64%	0.51	$236.68
$227.50	$230.00	Oct 16	$0.90	$0.90	$1.60	63%	0.56	$228.40
$227.50	$230.00	Oct 9	$0.66	$0.66	$1.84	69%	0.36	$228.16

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$215.00	$205.00	Nov 13	$4.57	$4.57	$5.43	60%	0.84	$210.43
$210.00	$205.00	Nov 6	$2.12	$2.12	$2.88	69%	0.74	$207.88
$215.00	$210.00	Oct 30	$1.98	$1.98	$3.02	63%	0.66	$213.02
$215.00	$210.00	Oct 23	$1.90	$1.90	$3.10	64%	0.61	$213.10
$205.00	$200.00	Oct 30	$1.19	$1.19	$3.81	77%	0.31	$203.81

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $3.31, cheapest $3.27)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$222.50	Oct 2	Oct 9	$3.36	43.7%	29.0%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$222.50	Oct 2	Oct 9	$3.27	43.7%	29.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 60 found (cheapest 0.28% of stock, avg 7.00%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$222.50	Oct 2	$0.29	$0.33	$0.62	$221.88	$223.12	0.28%
$220.00	Oct 2	$2.13	$0.01	$2.14	$217.86	$222.14	0.96%
$225.00	Oct 2	$0.01	$2.83	$2.84	$222.16	$227.84	1.28%
$217.50	Oct 2	$4.63	$0.01	$4.64	$212.86	$222.14	2.08%
$227.50	Oct 2	$0.01	$5.08	$5.09	$222.41	$232.59	2.29%
$220.00	Oct 9	$4.72	$2.35	$7.07	$212.93	$227.07	3.18%
$222.50	Oct 9	$3.65	$3.60	$7.25	$215.25	$229.75	3.26%
$215.00	Oct 2	$7.55	$0.01	$7.56	$207.44	$222.56	3.40%
$225.00	Oct 9	$2.57	$5.03	$7.60	$217.40	$232.60	3.41%
$230.00	Oct 2	$0.01	$7.73	$7.74	$222.26	$237.74	3.48%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.49% of stock, avg 4.45%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$235.00	$212.50	Oct 9	$0.47	$0.61	$1.08	$211.42	$236.08
$232.50	$212.50	Oct 9	$0.64	$0.61	$1.25	$211.25	$233.75
$235.00	$215.00	Oct 9	$0.47	$1.01	$1.48	$213.52	$236.48
$232.50	$215.00	Oct 9	$0.64	$1.01	$1.65	$213.35	$234.15
$230.00	$212.50	Oct 9	$1.18	$0.61	$1.79	$210.71	$231.79
$230.00	$215.00	Oct 9	$1.18	$1.01	$2.19	$212.81	$232.19
$235.00	$217.50	Oct 9	$0.47	$1.62	$2.09	$215.41	$237.09
$232.50	$217.50	Oct 9	$0.64	$1.62	$2.26	$215.24	$234.76
$227.50	$212.50	Oct 9	$1.84	$0.61	$2.45	$210.05	$229.95
$230.00	$217.50	Oct 9	$1.18	$1.62	$2.80	$214.70	$232.80

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 174 found (best R:R 3.35, avg credit $1.26)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
205/210	240/245	Nov 6	$3.85	$1.15	37%	3.35	$206.15	$243.85
205/210	255/260	Nov 6	$2.79	$2.21	50%	1.26	$207.21	$257.79
185/190	240/245	Nov 6	$2.33	$2.67	57%	0.87	$187.67	$242.33
190/195	240/245	Nov 6	$2.49	$2.51	53%	0.99	$192.51	$242.49
180/185	240/245	Nov 6	$2.06	$2.94	60%	0.70	$182.94	$242.06
205/210	250/255	Nov 6	$2.68	$2.32	47%	1.16	$207.32	$252.68
205/210	245/250	Nov 6	$2.87	$2.13	43%	1.35	$207.13	$247.87
200/205	240/245	Nov 6	$2.83	$2.17	44%	1.30	$202.17	$242.83
200/202	230/232	Oct 9	$0.64	$1.86	75%	0.34	$201.86	$230.64
205/208	252/255	Oct 16	$0.42	$2.08	83%	0.20	$207.08	$252.92

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 110 found (best R:R 7.93, cheapest $0.07)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$222.50	$225.00	$227.50	Oct 2	$0.28	$2.22	52%	7.93
$220.00	$222.50	$225.00	Oct 2	$1.56	$0.94	99%	0.60
$230.00	$235.00	$240.00	Oct 23	$0.07	$4.93	13%	70.43
$200.00	$205.00	$210.00	Oct 30	$0.10	$4.90	12%	49.00
$225.00	$227.50	$230.00	Oct 9	$0.07	$2.43	18%	34.71

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$217.50	$220.00	$222.50	Oct 2	$0.32	$2.18	51%	6.81
$210.00	$215.00	$220.00	Oct 23	$0.15	$4.85	16%	32.33
$195.00	$200.00	$205.00	Nov 13	$0.10	$4.90	10%	49.00
$235.00	$240.00	$245.00	Oct 30	$0.17	$4.83	12%	28.41
$215.00	$217.50	$220.00	Oct 9	$0.12	$2.38	18%	19.83

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 142 found (best net $-2.78, 133 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$190.00	$205.00	1:2	Oct 9	-$2.78	$12.22
$190.00	$210.00	1:2	Nov 6	-$3.76	$16.24
$200.00	$210.00	1:2	Oct 16	-$4.60	$5.40
$215.00	$217.50	1:2	Oct 2	-$1.71	$0.79
$230.00	$232.50	1:2	Oct 9	-$0.10	$2.40

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$255.00	$240.00	1:2	Oct 23	-$8.98	$6.02
$215.00	$205.00	1:2	Nov 13	-$0.36	$9.64
$227.50	$225.00	1:2	Oct 2	-$0.58	$1.92
$205.00	$200.00	1:2	Oct 16	$0.00	$5.00
$212.50	$210.00	1:2	Oct 9	-$0.07	$2.43

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 49 found (best yield 3.95%, avg 1.49%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$230.00	Nov 13	$8.80	0.42	3.3%	3.95%	7.26%	5	1
$230.00	Nov 6	$8.20	0.43	3.3%	3.68%	6.99%	7	26
$240.00	Nov 13	$5.65	0.32	7.8%	2.54%	10.34%	20	1
$240.00	Nov 6	$5.60	0.32	7.8%	2.52%	10.31%	5	28
$225.00	Nov 6	$9.80	0.49	1.1%	4.40%	5.46%	1	15
$225.00	Oct 30	$9.55	0.49	1.1%	4.29%	5.35%	19	104
$230.00	Oct 30	$7.55	0.42	3.3%	3.39%	6.70%	69	378
$235.00	Nov 13	$6.15	0.36	5.5%	2.76%	8.31%	14	6
$235.00	Oct 30	$6.05	0.36	5.5%	2.72%	8.27%	159	420
$235.00	Nov 6	$5.80	0.37	5.5%	2.61%	8.16%	10	53

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 28,030

Total Puts 22,264

Put/Call Ratio 0.79

Net Difference 5,766

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 202,414

Total Puts 116,762

Average Put/Call Ratio 0.59

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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