IBM - Options Database

IBM

IBM CORP

$221.29 -0.13%

$221.60 (+0.14%)🌙

as of 10/06 06:27 PM

(10/5 18:27) ◀

Tuesday, October 6, 2026 (6:27pm)

▶ (10/7 18:26)

◀ 10/6 18:27 ▶

Option Volume

Detail

ℹ

Current (10/06) 25,591

Calls: 16,250 (63%)

Puts: 9,341 (37%)

Prior (10/05) 27,327

Calls: 17,520 (64%)

Puts: 9,807 (36%)

Current vs Prior -6.35%

Calls: -7.25% (Calls)

Puts: -4.75% (Puts)

Prior 7-Day Total 308,470

Calls: 194,006 (63%)

Puts: 114,464 (37%)

Prior 7-Day Average 44,067

Calls: 27,715 (63%)

Puts: 16,352 (37%)

Current vs Prior 7-Day Avg -41.93%

Calls: -41.37%

Puts: -42.88%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/06) $17.04M

Calls: $9.80M (58%)

Puts: $7.24M (42%)

Prior (10/05) $15.28M

Calls: $8.35M (55%)

Puts: $6.93M (45%)

Current vs Prior +11.46%

Calls: +17.35%

Puts: +4.36%

Prior 7-Day Total $139.33M

Calls: $69.71M (50%)

Puts: $69.62M (50%)

Prior 7-Day Average $19.90M

Calls: $9.96M (50%)

Puts: $9.95M (50%)

Current vs Prior 7-Day Avg -14.41%

Calls: -1.59%

Puts: -27.25%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/06) 0.57

Prior (10/05) 0.56

Current vs Prior +2.69%

Prior 7-Day Average 0.60

Current vs Prior 7-Day Avg -3.56%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/06) 376,603

Calls: 226,201 (60%)

Puts: 150,402 (40%)

Prior (10/05) 350,598

Calls: 211,941 (60%)

Puts: 138,657 (40%)

Current vs Prior +7.42%

Prior 7-Day Total 2,573,744

Calls: 1,554,092 (60%)

Puts: 1,019,652 (40%)

Prior 7-Day Average 367,677

Calls: 222,013 (60%)

Puts: 145,664 (40%)

Current vs Prior 7-Day Avg +2.43%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 2.98% | 4.69%4.69% | 12.65%

Prior 3.34% | 4.80%4.80% | 12.68%

Current vs Prior -10.95% | -2.41%-2.41% | -0.22%

Prior 7-Day Avg 3.34% | 4.94%5.88% | 13.50%

Current vs 7-Day Avg -10.95% | -5.04%-20.25% | -6.30%

Prior 7-Day Eod 3.34% | 4.80%4.80% | 12.68%

Current vs 7-Day Eod -10.95% | -2.41%-2.41% | -0.22%

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 22.33% | 11.12%

Calls: 16.92% | 9.15%

Puts: 27.74% | 13.10%

Current vs 7-Day Avg +25.90% | +17.88%

Liquidity Expensive

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Bullish P/C ratio of 0.57. Call-heavy open interest (226,201 calls vs 150,402 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 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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🛡️ 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 59 of results (avg 7.3%, best 3.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$220.00	Nov 20	13.05	13.55	$13.30	3.8%	23	0.53	578
$225.00	Nov 20	10.70	11.15	$10.93	4.1%	87	0.47	504
$230.00	Nov 20	8.70	9.15	$8.93	5.0%	141	0.41	1.3K
$260.00	Nov 20	2.37	2.50	$2.44	5.3%	280	0.15	1.3K
$185.00	Nov 20	37.25	39.50	$38.38	5.9%	3	0.91	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$255.00	Nov 20	36.45	37.85	$37.15	3.8%	26	0.81	748
$220.00	Nov 20	11.85	12.35	$12.10	4.1%	104	0.47	1.5K
$235.00	Nov 20	20.75	21.75	$21.25	4.7%	16	0.64	2.6K
$245.00	Nov 20	27.60	29.25	$28.43	5.8%	10	0.74	--
$260.00	Oct 16	37.70	40.10	$38.90	6.2%	2	1.00	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.70, cheapest $0.54)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 9	0.40	0.45	$0.43	11.6%	753	0.12	1.5K
$227.50	Oct 9	0.70	0.78	$0.74	10.8%	420	0.20	842
$235.00	Oct 16	0.80	0.95	$0.88	17.0%	322	0.14	5.0K

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$215.00	Oct 9	0.52	0.57	$0.54	9.3%	182	0.16	1.4K
$210.00	Oct 16	0.81	0.96	$0.89	16.9%	175	0.15	3.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 76 found (avg delta 0.77, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$190.00	Oct 9	30.70	33.40	$32.05	8.4%	46	1.00	4
$180.00	Oct 16	40.05	42.70	$41.38	6.4%	2	1.00	39
$200.00	Oct 9	20.45	22.55	$21.50	9.8%	1	0.99	--
$205.00	Oct 9	14.75	18.45	$16.60	22.3%	2	0.98	9
$195.00	Oct 9	24.95	28.35	$26.65	12.8%	4	0.97	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 9	17.15	19.85	$18.50	14.6%	6	1.00	59
$250.00	Oct 9	27.70	29.85	$28.78	7.5%	21	1.00	--
$252.50	Oct 9	29.30	32.45	$30.88	10.2%	16	1.00	--
$260.00	Oct 9	36.85	40.05	$38.45	8.3%	4	1.00	--
$250.00	Oct 16	27.70	29.50	$28.60	6.3%	5	1.00	291

Most actively traded options today. High liquidity = easy entry/exit. 220 active (total vol 16.5K, top 981)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 9	1.21	1.33	$1.27	9.4%	981	0.30	870
$235.00	Oct 9	0.12	0.16	$0.14	28.6%	792	0.04	987
$230.00	Oct 9	0.40	0.45	$0.43	11.6%	753	0.12	1.5K
$232.50	Oct 9	0.20	0.26	$0.23	26.1%	668	0.07	875
$250.00	Nov 20	3.55	4.05	$3.80	13.2%	526	0.22	2.8K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$215.00	Oct 16	1.53	2.10	$1.82	31.3%	813	0.27	4.1K
$220.00	Oct 9	1.85	1.97	$1.91	6.3%	543	0.41	755
$220.00	Oct 16	3.40	3.80	$3.60	11.1%	306	0.44	4.4K
$200.00	Oct 16	0.12	0.51	$0.32	121.9%	280	0.05	4.0K
$222.50	Oct 9	2.87	3.40	$3.14	16.9%	264	0.56	344

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 8.9%, max 10.1%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$217.50	Oct 9	Oct 16	32.9%	30.5%	7.7%	67	84

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 9	Oct 16	34.7%	31.5%	10.1%	25	335

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 135 found (best R:R 0.82, avg 5.19)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$210.00	$215.00	Nov 6	$2.74	$2.26	$2.74	70%	0.82	$212.74
$210.00	$220.00	Oct 30	$5.78	$4.22	$5.78	70%	0.73	$215.78
$210.00	$220.00	Nov 13	$5.60	$4.40	$5.60	67%	0.79	$215.60
$235.00	$240.00	Nov 6	$1.04	$3.96	$1.04	35%	3.81	$236.04
$205.00	$210.00	Nov 20	$3.05	$1.95	$3.05	72%	0.64	$208.05

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$217.50	$215.00	Oct 23	$0.75	$1.75	$0.75	41%	2.33	$216.75
$220.00	$215.00	Oct 30	$1.92	$3.08	$1.92	45%	1.60	$218.08
$220.00	$217.50	Oct 16	$0.89	$1.61	$0.89	44%	1.81	$219.11
$207.50	$205.00	Oct 16	$0.14	$2.36	$0.14	10%	16.86	$207.36
$222.50	$220.00	Oct 23	$1.13	$1.37	$1.13	50%	1.21	$221.37

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 106 found (best R:R 0.89, avg 0.33)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$232.50	$235.00	Oct 23	$1.20	$1.20	$1.30	65%	0.92	$233.70
$242.50	$245.00	Oct 23	$0.74	$0.74	$1.76	78%	0.42	$243.24
$252.50	$255.00	Oct 16	$0.17	$0.17	$2.33	96%	0.07	$252.67
$222.50	$225.00	Oct 16	$1.18	$1.18	$1.32	52%	0.89	$223.68
$230.00	$235.00	Nov 6	$1.96	$1.96	$3.04	58%	0.64	$231.96

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$215.00	$210.00	Oct 30	$2.35	$2.35	$2.65	62%	0.89	$212.65
$220.00	$210.00	Nov 13	$4.37	$4.37	$5.63	54%	0.78	$215.63
$210.00	$200.00	Nov 13	$2.98	$2.98	$7.02	67%	0.42	$207.02
$210.00	$205.00	Nov 20	$1.98	$1.98	$3.02	66%	0.66	$208.02
$195.00	$190.00	Nov 13	$1.05	$1.05	$3.95	83%	0.27	$193.95

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $1.82, cheapest $1.69)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$220.00	Oct 9	Oct 16	$1.87	32.7%	29.6%
$225.00	Oct 9	Oct 16	$1.80	33.6%	31.5%
$222.50	Oct 9	Oct 16	$2.08	33.5%	32.6%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$220.00	Oct 9	Oct 16	$1.69	32.7%	29.6%
$225.00	Oct 9	Oct 16	$1.56	33.6%	31.5%
$222.50	Oct 9	Oct 16	$1.91	33.5%	32.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 53 found (cheapest 2.40% of stock, avg 8.20%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$222.50	Oct 9	$2.17	$3.14	$5.31	$217.19	$227.81	2.40%
$220.00	Oct 9	$3.45	$1.91	$5.36	$214.64	$225.36	2.42%
$217.50	Oct 9	$4.97	$1.07	$6.04	$211.46	$223.54	2.73%
$225.00	Oct 9	$1.27	$4.97	$6.24	$218.76	$231.24	2.82%
$215.00	Oct 9	$6.82	$0.54	$7.36	$207.64	$222.36	3.33%
$227.50	Oct 9	$0.74	$6.95	$7.69	$219.81	$235.19	3.48%
$220.00	Oct 16	$5.32	$3.60	$8.92	$211.08	$228.92	4.03%
$222.50	Oct 16	$4.25	$5.05	$9.30	$213.20	$231.80	4.20%
$212.50	Oct 9	$9.10	$0.28	$9.38	$203.12	$221.88	4.24%
$230.00	Oct 9	$0.43	$9.18	$9.61	$220.39	$239.61	4.34%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 170 found (cheapest 0.22% of stock, avg 4.55%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$232.50	$207.50	Oct 9	$0.23	$0.25	$0.48	$207.02	$232.98
$232.50	$212.50	Oct 9	$0.23	$0.28	$0.51	$211.99	$233.01
$230.00	$207.50	Oct 9	$0.43	$0.25	$0.68	$206.82	$230.68
$230.00	$212.50	Oct 9	$0.43	$0.28	$0.71	$211.79	$230.71
$232.50	$215.00	Oct 9	$0.23	$0.54	$0.77	$214.23	$233.27
$230.00	$215.00	Oct 9	$0.43	$0.54	$0.97	$214.03	$230.97
$227.50	$212.50	Oct 9	$0.74	$0.28	$1.02	$211.48	$228.52
$227.50	$207.50	Oct 9	$0.74	$0.25	$0.99	$206.51	$228.49
$227.50	$215.00	Oct 9	$0.74	$0.54	$1.28	$213.72	$228.78
$232.50	$217.50	Oct 9	$0.23	$1.07	$1.30	$216.20	$233.80

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 191 found (best R:R 2.52, avg credit $1.28)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
210/212	242/245	Oct 23	$1.79	$0.71	44%	2.52	$210.71	$244.29
205/208	242/245	Oct 23	$1.49	$1.01	52%	1.48	$206.01	$243.99
208/210	242/245	Oct 23	$1.59	$0.91	48%	1.75	$208.41	$244.09
210/212	238/240	Oct 23	$1.77	$0.73	38%	2.42	$210.73	$239.27
205/208	238/240	Oct 23	$1.47	$1.03	47%	1.43	$206.03	$238.97
208/210	238/240	Oct 23	$1.57	$0.93	43%	1.69	$208.43	$239.07
210/212	245/248	Oct 23	$1.40	$1.10	48%	1.27	$211.10	$246.40
202/205	252/255	Oct 16	$0.36	$2.14	88%	0.17	$204.64	$252.86
205/210	260/265	Nov 20	$2.50	$2.50	51%	1.00	$207.50	$262.50
205/210	240/245	Nov 20	$3.25	$1.75	36%	1.86	$206.75	$243.25

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 107 found (best R:R 82.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$215.00	$220.00	$225.00	Nov 6	$0.06	$4.94	14%	82.33
$210.00	$215.00	$220.00	Nov 6	$0.11	$4.89	14%	44.45
$210.00	$220.00	$230.00	Nov 13	$1.29	$8.71	26%	6.75
$215.00	$220.00	$225.00	Nov 20	$0.16	$4.84	12%	30.25
$217.50	$220.00	$222.50	Oct 9	$0.24	$2.26	29%	9.42

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$215.00	$220.00	$225.00	Nov 20	$0.10	$4.90	12%	49.00
$222.50	$225.00	$227.50	Oct 9	$0.15	$2.35	25%	15.67
$190.00	$195.00	$200.00	Nov 13	$0.08	$4.92	10%	61.50
$200.00	$205.00	$210.00	Nov 6	$0.15	$4.85	12%	32.33
$200.00	$205.00	$210.00	Oct 30	$0.17	$4.83	12%	28.41

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 129 found (best net $-0.73, 117 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$195.00	$210.00	1:2	Nov 13	-$7.08	$7.92
$202.50	$210.00	1:2	Oct 16	-$5.11	$2.39
$235.00	$245.00	1:2	Nov 13	-$1.45	$8.55
$250.00	$260.00	1:2	Nov 6	-$0.09	$9.91
$210.00	$220.00	1:2	Oct 30	-$5.74	$4.26

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$235.00	$220.00	1:2	Nov 6	-$0.73	$14.27
$255.00	$240.00	1:2	Oct 30	-$9.96	$5.04
$250.00	$240.00	1:2	Oct 9	-$8.22	$1.78
$210.00	$200.00	1:2	Nov 13	-$1.02	$8.98
$220.00	$210.00	1:2	Nov 13	-$2.61	$7.39

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 59 found (best yield 4.84%, avg 1.58%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$225.00	Nov 20	$10.70	0.47	1.7%	4.84%	6.51%	87	504
$230.00	Nov 20	$8.70	0.41	3.9%	3.93%	7.87%	141	1.3K
$235.00	Nov 20	$7.00	0.36	6.2%	3.16%	9.36%	72	809
$230.00	Nov 13	$8.00	0.41	3.9%	3.62%	7.55%	1	5
$230.00	Nov 6	$7.50	0.42	3.9%	3.39%	7.33%	12	39
$235.00	Nov 13	$6.30	0.35	6.2%	2.85%	9.04%	1	15
$240.00	Nov 20	$5.50	0.30	8.4%	2.49%	10.94%	195	2.4K
$225.00	Nov 6	$9.30	0.48	1.7%	4.20%	5.88%	3	--
$225.00	Oct 30	$8.65	0.47	1.7%	3.91%	5.59%	106	508
$230.00	Oct 30	$6.80	0.40	3.9%	3.07%	7.01%	36	435

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 16,250

Total Puts 9,341

Put/Call Ratio 0.57

Net Difference 6,909

Prior's Put/Call Breakdown

Total Calls 17,520

Total Puts 9,807

Put/Call Ratio 0.56

Net Difference 7,713

Prior 7-Day Put/Call Summary

Total Calls 194,006

Total Puts 114,464

Average Put/Call Ratio 0.60

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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