IBM - Options Database

IBM

IBM CORP

$221.58 -0.48%

$221.27 (-0.14%)🌙

as of 10/05 06:27 PM

(10/2 18:25) ◀

Monday, October 5, 2026 (6:27pm)

▶ (10/6 18:27)

◀ 10/5 18:27 ▶

Option Volume

Detail

ℹ

Current (10/05) 27,327

Calls: 17,520 (64%)

Puts: 9,807 (36%)

Prior (10/02) 50,294

Calls: 28,030 (56%)

Puts: 22,264 (44%)

Current vs Prior -45.67%

Calls: -37.50% (Calls)

Puts: -55.95% (Puts)

Prior 7-Day Total 281,143

Calls: 176,486 (63%)

Puts: 104,657 (37%)

Prior 7-Day Average 46,857

Calls: 25,212 (63%)

Puts: 14,951 (37%)

Current vs Prior 7-Day Avg -41.68%

Calls: -30.51%

Puts: -34.41%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/05) $15.28M

Calls: $8.35M (55%)

Puts: $6.93M (45%)

Prior (10/02) $15.96M

Calls: $9.83M (62%)

Puts: $6.13M (38%)

Current vs Prior -4.22%

Calls: -15.04%

Puts: +13.12%

Prior 7-Day Total $124.04M

Calls: $61.36M (49%)

Puts: $62.69M (51%)

Prior 7-Day Average $20.67M

Calls: $8.77M (49%)

Puts: $8.96M (51%)

Current vs Prior 7-Day Avg -26.07%

Calls: -4.72%

Puts: -22.58%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/05) 0.56

Prior (10/02) 0.79

Current vs Prior -29.53%

Prior 7-Day Average 0.60

Current vs Prior 7-Day Avg -7.02%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/05) 350,598

Calls: 211,941 (60%)

Puts: 138,657 (40%)

Prior (10/02) 386,939

Calls: 226,083 (58%)

Puts: 160,856 (42%)

Current vs Prior -9.39%

Prior 7-Day Total 2,223,146

Calls: 1,342,151 (60%)

Puts: 880,995 (40%)

Prior 7-Day Average 370,524

Calls: 223,691 (60%)

Puts: 146,832 (40%)

Current vs Prior 7-Day Avg -5.38%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 3.34% | 4.80%4.80% | 12.68%

Prior 3.90% | 5.44%5.44% | 13.06%

Current vs Prior -14.22% | -11.72%-11.72% | -2.91%

Prior 7-Day Avg 3.34% | 4.96%6.05% | 13.64%

Current vs 7-Day Avg +0.00% | -3.14%-20.69% | -7.04%

Prior 7-Day Eod 3.90% | 5.44%5.44% | 13.06%

Current vs 7-Day Eod -14.22% | -11.72%-11.72% | -2.91%

Sentiment BULLISHBULLISH

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 21.36% | 10.79%

Calls: 15.69% | 8.92%

Puts: 27.05% | 12.67%

Current vs 7-Day Avg +31.58% | +21.50%

Liquidity Expensive

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🤖 AI Insights

Below-average activity with volume down 46% vs prior. Bullish P/C ratio of 0.56. P/C ratio dropping 30% - sentiment shifting bullish. Call-heavy open interest (211,941 calls vs 138,657 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 BULLISH

7-Day Avg BEARISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads

💰 Best Value Under $1

📊 High Delta (ITM)

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⏰ Backwardation

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📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

🦅 Iron Condors

🦋 Butterflies

⚖️ Ratio Spreads

🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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High Delta

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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 38 of results (avg 7.7%, best 3.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$250.00	Oct 23	1.98	2.07	$2.03	4.4%	131	0.16	816
$225.00	Oct 30	9.00	9.45	$9.23	4.9%	494	0.47	113
$222.50	Oct 23	9.10	9.60	$9.35	5.3%	9	0.50	--
$245.00	Oct 23	2.64	2.80	$2.72	5.9%	151	0.20	446
$235.00	Oct 23	4.75	5.05	$4.90	6.1%	294	0.32	736

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$220.00	Oct 30	9.30	9.65	$9.48	3.7%	97	0.45	142
$265.00	Nov 13	45.00	47.00	$46.00	4.3%	1	0.88	--
$260.00	Oct 16	38.30	40.50	$39.40	5.6%	65	0.98	--
$260.00	Oct 23	38.60	41.10	$39.85	6.3%	5	0.91	4
$240.00	Oct 16	18.55	19.85	$19.20	6.8%	10	0.91	1.1K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.62, cheapest $0.66)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 9	0.61	0.70	$0.66	13.6%	658	0.16	1.3K
$250.00	Oct 16	0.19	0.21	$0.20	10.0%	394	0.04	5.4K
$240.00	Oct 16	0.49	0.57	$0.53	15.1%	748	0.09	3.6K

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$215.00	Oct 9	0.76	0.84	$0.80	10.0%	813	0.19	1.0K
$190.00	Oct 23	0.85	0.99	$0.92	15.2%	22	0.08	641

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 59 found (avg delta 0.77, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$190.00	Oct 9	29.65	32.25	$30.95	8.4%	1	1.00	--
$195.00	Oct 9	24.65	27.25	$25.95	10.0%	34	1.00	3
$197.50	Oct 9	22.05	25.35	$23.70	13.9%	34	1.00	--
$200.00	Oct 9	19.70	22.25	$20.98	12.2%	52	1.00	9
$205.00	Oct 9	15.70	17.25	$16.48	9.4%	12	1.00	9

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$245.00	Oct 9	23.05	25.55	$24.30	10.3%	8	0.99	--
$265.00	Oct 16	42.20	45.60	$43.90	7.7%	61	0.99	--
$260.00	Oct 16	38.30	40.50	$39.40	5.6%	65	0.98	--
$255.00	Oct 16	32.65	35.10	$33.88	7.2%	3	0.97	--
$240.00	Oct 9	18.00	20.55	$19.27	13.2%	1	0.97	--

Most actively traded options today. High liquidity = easy entry/exit. 191 active (total vol 19.0K, top 877)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 16	0.87	1.07	$0.97	20.6%	877	0.15	4.6K
$230.00	Oct 16	1.72	1.95	$1.84	12.5%	836	0.26	2.6K
$225.00	Oct 9	1.62	1.81	$1.72	11.0%	820	0.34	536
$240.00	Oct 16	0.49	0.57	$0.53	15.1%	748	0.09	3.6K
$235.00	Oct 9	0.20	0.27	$0.24	29.2%	694	0.06	532

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$215.00	Oct 9	0.76	0.84	$0.80	10.0%	813	0.19	1.0K
$220.00	Oct 9	2.15	2.40	$2.28	11.0%	617	0.41	653
$220.00	Oct 16	3.70	4.05	$3.88	9.0%	517	0.44	4.7K
$217.50	Oct 9	1.28	1.54	$1.41	18.4%	321	0.29	697
$210.00	Oct 9	0.19	0.30	$0.25	44.0%	273	0.07	2.1K

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 7.8%, max 8.1%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$217.50	Oct 9	Oct 16	33.1%	30.8%	7.5%	31	75

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 9	Oct 16	34.4%	31.8%	8.1%	12	236

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 115 found (best R:R 13.29, avg 5.39)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$240.00	$245.00	Nov 13	$0.35	$4.65	$0.35	29%	13.29	$240.35
$240.00	$245.00	Nov 6	$0.35	$4.65	$0.35	28%	13.29	$240.35
$215.00	$220.00	Oct 30	$2.37	$2.63	$2.37	62%	1.11	$217.37
$220.00	$225.00	Nov 13	$2.02	$2.98	$2.02	53%	1.48	$222.02
$240.00	$242.50	Oct 23	$0.24	$2.26	$0.24	25%	9.42	$240.24

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$215.00	$212.50	Oct 23	$0.47	$2.03	$0.47	37%	4.32	$214.53
$227.50	$225.00	Oct 16	$1.37	$1.13	$1.37	68%	0.82	$226.13
$230.00	$225.00	Oct 23	$2.77	$2.23	$2.77	62%	0.81	$227.23
$195.00	$190.00	Nov 6	$0.45	$4.55	$0.45	14%	10.11	$194.55
$205.00	$200.00	Nov 13	$1.05	$3.95	$1.05	27%	3.76	$203.95

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 95 found (best R:R 0.82, avg 0.33)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$245.00	$250.00	Nov 6	$1.43	$1.43	$3.57	75%	0.40	$246.43
$235.00	$237.50	Oct 23	$0.85	$0.85	$1.65	68%	0.52	$235.85
$235.00	$240.00	Nov 13	$1.63	$1.63	$3.37	66%	0.48	$236.63
$222.50	$225.00	Oct 23	$1.30	$1.30	$1.20	50%	1.08	$223.80
$245.00	$250.00	Nov 13	$1.20	$1.20	$3.80	74%	0.32	$246.20

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$210.00	$205.00	Nov 13	$2.25	$2.25	$2.75	66%	0.82	$207.75
$215.00	$210.00	Nov 6	$2.28	$2.28	$2.72	62%	0.84	$212.72
$205.00	$200.00	Nov 6	$1.57	$1.57	$3.43	75%	0.46	$203.43
$212.50	$210.00	Oct 23	$1.30	$1.30	$1.20	66%	1.08	$211.20
$220.00	$215.00	Nov 13	$2.68	$2.68	$2.32	53%	1.16	$217.32

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $1.63, cheapest $1.58)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$225.00	Oct 9	Oct 16	$1.58	34.1%	31.5%
$220.00	Oct 9	Oct 16	$1.69	32.6%	30.1%
$222.50	Oct 9	Oct 16	$1.70	33.9%	31.5%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$225.00	Oct 9	Oct 16	$1.65	34.1%	31.5%
$220.00	Oct 9	Oct 16	$1.60	32.6%	30.1%
$222.50	Oct 9	Oct 16	$1.54	33.9%	31.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 45 found (cheapest 2.78% of stock, avg 7.37%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$220.00	Oct 9	$3.88	$2.28	$6.16	$213.84	$226.16	2.78%
$222.50	Oct 9	$2.65	$3.53	$6.18	$216.32	$228.68	2.79%
$217.50	Oct 9	$5.28	$1.41	$6.69	$210.81	$224.19	3.02%
$225.00	Oct 9	$1.72	$5.30	$7.02	$217.98	$232.02	3.17%
$227.50	Oct 9	$1.06	$7.05	$8.11	$219.39	$235.61	3.66%
$215.00	Oct 9	$7.70	$0.80	$8.50	$206.50	$223.50	3.84%
$222.50	Oct 16	$4.35	$5.07	$9.42	$213.08	$231.92	4.25%
$220.00	Oct 16	$5.57	$3.88	$9.45	$210.55	$229.45	4.26%
$230.00	Oct 9	$0.66	$9.07	$9.73	$220.27	$239.73	4.39%
$217.50	Oct 16	$6.83	$2.93	$9.76	$207.74	$227.26	4.40%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.28% of stock, avg 4.49%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$232.50	$210.00	Oct 9	$0.36	$0.25	$0.61	$209.39	$233.11
$232.50	$212.50	Oct 9	$0.36	$0.46	$0.82	$211.68	$233.32
$230.00	$210.00	Oct 9	$0.66	$0.25	$0.91	$209.09	$230.91
$230.00	$212.50	Oct 9	$0.66	$0.46	$1.12	$211.38	$231.12
$232.50	$215.00	Oct 9	$0.36	$0.80	$1.16	$213.84	$233.66
$230.00	$215.00	Oct 9	$0.66	$0.80	$1.46	$213.54	$231.46
$227.50	$210.00	Oct 9	$1.06	$0.25	$1.31	$208.69	$228.81
$227.50	$212.50	Oct 9	$1.06	$0.46	$1.52	$210.98	$229.02
$227.50	$215.00	Oct 9	$1.06	$0.80	$1.86	$213.14	$229.36
$232.50	$217.50	Oct 9	$0.36	$1.41	$1.77	$215.73	$234.27

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 196 found (best R:R 6.14, avg credit $1.32)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
210/212	235/238	Oct 23	$2.15	$0.35	34%	6.14	$210.35	$237.15
200/205	245/250	Nov 6	$3.00	$2.00	49%	1.50	$202.00	$248.00
205/210	245/250	Nov 13	$3.45	$1.55	40%	2.23	$206.55	$248.45
205/210	235/240	Nov 13	$3.88	$1.12	32%	3.46	$206.12	$238.88
210/212	242/245	Oct 23	$1.87	$0.63	43%	2.97	$210.63	$244.37
210/212	238/240	Oct 23	$1.82	$0.68	38%	2.68	$210.68	$239.32
185/190	245/250	Nov 6	$1.99	$3.01	64%	0.66	$188.01	$246.99
195/200	245/250	Nov 6	$2.38	$2.62	56%	0.91	$197.62	$247.38
200/205	235/240	Nov 6	$3.17	$1.83	40%	1.73	$201.83	$238.17
200/202	235/238	Oct 23	$1.42	$1.08	49%	1.31	$201.08	$236.42

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 92 found (best R:R 49.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$215.00	$220.00	$225.00	Nov 6	$0.10	$4.90	14%	49.00
$217.50	$220.00	$222.50	Oct 9	$0.17	$2.33	25%	13.71
$210.00	$212.50	$215.00	Oct 9	$0.05	$2.45	12%	49.00
$227.50	$230.00	$232.50	Oct 9	$0.10	$2.40	14%	24.00
$230.00	$232.50	$235.00	Oct 16	$0.07	$2.43	10%	34.71

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$212.50	$215.00	$217.50	Oct 16	$0.13	$2.37	14%	18.23
$215.00	$217.50	$220.00	Oct 9	$0.26	$2.24	22%	8.62
$215.00	$217.50	$220.00	Oct 16	$0.17	$2.33	16%	13.71
$210.00	$212.50	$215.00	Oct 9	$0.13	$2.37	12%	18.23
$207.50	$210.00	$212.50	Oct 9	$0.08	$2.42	8%	30.25

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 111 found (best net $-3.16, 104 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$202.50	$210.00	1:2	Oct 16	-$5.51	$1.99
$225.00	$235.00	1:2	Nov 13	-$2.98	$7.02
$250.00	$260.00	1:2	Nov 13	-$0.60	$9.40
$225.00	$227.50	1:2	Oct 9	-$0.40	$2.10
$230.00	$232.50	1:2	Oct 9	-$0.06	$2.44

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$265.00	$240.00	1:2	Nov 13	-$3.16	$21.84
$260.00	$245.00	1:2	Oct 23	-$12.55	$2.45
$217.50	$215.00	1:2	Oct 9	-$0.19	$2.31
$220.00	$217.50	1:2	Oct 9	-$0.54	$1.96
$215.00	$212.50	1:2	Oct 9	-$0.12	$2.38

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 54 found (best yield 4.33%, avg 1.46%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$225.00	Nov 13	$9.60	0.47	1.5%	4.33%	5.88%	30	--
$235.00	Nov 13	$6.20	0.34	6.1%	2.80%	8.85%	2	15
$225.00	Nov 6	$9.10	0.48	1.5%	4.11%	5.65%	13	16
$230.00	Nov 6	$7.30	0.41	3.8%	3.29%	7.09%	8	32
$225.00	Oct 30	$9.00	0.47	1.5%	4.06%	5.61%	494	113
$230.00	Oct 30	$6.70	0.40	3.8%	3.02%	6.82%	366	368
$245.00	Nov 13	$3.90	0.26	10.6%	1.76%	12.33%	1	20
$235.00	Nov 6	$4.90	0.35	6.1%	2.21%	8.27%	105	59
$235.00	Oct 30	$5.15	0.33	6.1%	2.32%	8.38%	269	545
$222.50	Oct 23	$9.10	0.50	0.4%	4.11%	4.52%	9	--

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 17,520

Total Puts 9,807

Put/Call Ratio 0.56

Net Difference 7,713

Prior's Put/Call Breakdown

Total Calls 28,030

Total Puts 22,264

Put/Call Ratio 0.79

Net Difference 5,766

Prior 7-Day Put/Call Summary

Total Calls 176,486

Total Puts 104,657

Average Put/Call Ratio 0.60

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

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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