IBM - Options Database

IBM

IBM CORP

$217.30 -25.13%

(7/13 18:36) ◀

Tuesday, July 14, 2026 (9:35am)

▶ (7/14 09:40)

◀ 7/14 09:35 ▶

Option Volume

Detail

ℹ

Current (07/14 9:35am) 42,068

Calls: 15,845 (38%)

Puts: 26,223 (62%)

Prior (06/25) 6,684

Calls: 5,818 (87%)

Puts: 866 (13%)

Current vs Prior +529.38%

Calls: +172.34% (Calls)

Puts: +2928.06% (Puts)

Prior 7-Day Total 206,215

Calls: 164,196 (80%)

Puts: 42,019 (20%)

Prior 7-Day Average 29,459

Calls: 23,456 (80%)

Puts: 6,002 (20%)

Current vs Prior 7-Day Avg +42.80%

Calls: -32.45%

Puts: +336.85%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (07/14 9:35am) $38.89M

Calls: $8.51M (22%)

Puts: $30.37M (78%)

Prior (06/25) $3.00M

Calls: $2.42M (81%)

Puts: $578.4K (19%)

Current vs Prior +1197.08%

Calls: +251.89%

Puts: +5150.89%

Prior 7-Day Total $130.51M

Calls: $96.86M (74%)

Puts: $33.64M (26%)

Prior 7-Day Average $18.64M

Calls: $13.84M (74%)

Puts: $4.81M (26%)

Current vs Prior 7-Day Avg +108.58%

Calls: -38.47%

Puts: +531.96%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/14 9:35am) 1.66

Prior (06/25) 0.15

Current vs Prior +1011.85%

Prior 7-Day Average 0.30

Current vs Prior 7-Day Avg +446.51%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (07/14 9:35am) 565,429

Calls: 329,739 (58%)

Puts: 235,690 (42%)

Prior (06/25) 566,082

Calls: 343,240 (61%)

Puts: 222,842 (39%)

Current vs Prior -0.12%

Prior 7-Day Total 3,428,022

Calls: 2,014,749 (59%)

Puts: 1,413,273 (41%)

Prior 7-Day Average 489,717

Calls: 287,821 (59%)

Puts: 201,896 (41%)

Current vs Prior 7-Day Avg +15.46%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)

Current 8.58% | 12.91%8.58% | 17.11%

Prior 4.91% | 7.09%-- | --

Current vs Prior +74.92% | +82.16%-- | --

Prior 7-Day Avg 4.55% | 6.59%-- | --

Current vs 7-Day Avg +88.81% | +95.99%-- | --

Prior 7-Day Eod 4.91% | 7.09%-- | --

Current vs 7-Day Eod +74.92% | +82.16%-- | --

Sentiment BEARISH--

Relative Spread

Detail

ℹ

Expiry | Next

Current 8.59% | 12.06%

Calls: 7.49% | 14.26%

Puts: 9.68% | 9.87%

Prior 10.92% | 18.63%

Calls: 8.40% | 9.57%

Puts: 13.44% | 27.69%

Current vs Prior -21.34% | -35.27%

Prior 7-Day Avg 12.99% | 13.71%

Calls: 11.00% | 9.88%

Puts: 14.97% | 17.54%

Current vs 7-Day Avg -33.86% | -12.07%

Liquidity Expensive

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🤖 AI Insights

Strong bearish conviction with 78% of dollar volume in puts ($30.37M) vs calls ($8.51M). Massive premium surge with dollar volume up 1197% vs prior. Dollar volume significantly above 7-day average (109% higher). Unusually high activity with volume up 529% vs prior - elevated interest.

Smart Money BEARISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Current BEARISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
10:00	BULLISH	BULLISH	BULLISH
09:55	BULLISH	BULLISH	BULLISH
09:50	BULLISH	BULLISH	BULLISH
09:45	BULLISH	BULLISH	BULLISH
09:40	BULLISH	BULLISH	BULLISH
09:35	BEARISH	BEARISH	BEARISH

📈 Options Analysis

🎯 Tightest Spreads

💰 Best Value Under $1

📊 High Delta (ITM)

🔥 High Volume

⏰ Backwardation

📈 Debit Spreads

📉 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 51 of results (avg 8.0%, best 3.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$190.00	Aug 7	32.05	33.45	$32.75	4.3%	3	0.81	--
$180.00	Aug 21	40.10	43.15	$41.63	7.3%	--	0.85	45
$215.00	Jul 17	9.00	9.70	$9.35	7.5%	123	0.58	60
$175.00	Jul 17	41.50	44.95	$43.23	8.0%	--	0.99	31
$180.00	Jul 17	36.60	39.80	$38.20	8.4%	--	0.97	22

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Jul 24	44.30	45.80	$45.05	3.3%	7	0.86	230
$240.00	Aug 21	31.35	33.15	$32.25	5.6%	156	0.65	2.0K
$240.00	Aug 28	31.40	33.25	$32.33	5.7%	10	0.65	--
$260.00	Aug 21	46.40	49.45	$47.93	6.4%	11	0.78	808
$255.00	Aug 21	42.40	45.30	$43.85	6.6%	6	0.76	732

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.20, cheapest $0.20)

CALLS (0)

No calls meet the criteria

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$175.00	Jul 17	0.18	0.21	$0.20	15.0%	199	0.01	570

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 102 found (avg delta 0.71, highest 0.99)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$175.00	Jul 17	41.50	44.95	$43.23	8.0%	--	0.99	31
$180.00	Jul 17	36.60	39.80	$38.20	8.4%	--	0.97	22
$185.00	Jul 17	31.80	35.25	$33.53	10.3%	--	0.95	45
$190.00	Jul 17	27.25	29.90	$28.58	9.3%	35	0.92	15
$180.00	Jul 24	38.00	41.40	$39.70	8.6%	--	0.90	16

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Jul 17	41.10	44.05	$42.58	6.9%	89	0.93	2.8K
$255.00	Jul 17	36.30	39.05	$37.67	7.3%	21	0.92	1.3K
$257.50	Jul 17	38.65	41.55	$40.10	7.2%	20	0.92	222
$252.50	Jul 17	33.85	36.55	$35.20	7.7%	9	0.91	209
$250.00	Jul 17	31.55	34.65	$33.10	9.4%	113	0.90	2.7K

Most actively traded options today. High liquidity = easy entry/exit. 208 active (total vol 27.4K, top 2.7K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Jul 17	4.60	5.25	$4.93	13.2%	1.1K	0.38	221
$230.00	Aug 21	11.60	12.85	$12.23	10.2%	1.1K	0.42	552
$230.00	Jul 17	3.10	3.60	$3.35	14.9%	932	0.29	331
$250.00	Jul 17	0.76	0.93	$0.85	20.0%	891	0.09	4.2K
$255.00	Jul 17	0.40	0.71	$0.55	56.4%	668	0.06	1.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$215.00	Jul 17	6.25	6.95	$6.60	10.6%	2.7K	0.42	1.1K
$220.00	Jul 17	8.85	9.75	$9.30	9.7%	2.6K	0.52	2.1K
$200.00	Jul 17	2.05	2.20	$2.13	7.0%	1.6K	0.18	1.1K
$210.00	Jul 17	4.45	5.00	$4.72	11.7%	1.5K	0.33	733
$205.00	Jul 17	2.85	3.50	$3.18	20.4%	990	0.24	924

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 42 strikes (avg 57.3%, max 87.0%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$180.00	Jul 17	Aug 21	110.5%	62.0%	78.4%	--	67
$195.00	Jul 17	Aug 21	106.4%	60.6%	75.5%	7	66
$250.00	Jul 17	Aug 28	104.2%	59.5%	75.2%	893	4.2K
$190.00	Jul 17	Aug 21	104.9%	60.3%	73.9%	35	30
$200.00	Jul 17	Aug 21	102.8%	60.0%	71.2%	17	319

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$185.00	Jul 17	Aug 28	109.4%	58.5%	87.0%	482	457
$175.00	Jul 17	Aug 28	108.2%	59.1%	83.0%	216	570
$190.00	Jul 17	Aug 28	104.9%	59.3%	76.9%	907	430
$195.00	Jul 17	Aug 21	106.4%	60.6%	75.5%	387	1.1K
$250.00	Jul 17	Aug 28	104.2%	59.4%	75.3%	113	2.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 154 found (best R:R 19.00, avg 3.08)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$242.50	$245.00	Jul 24	$0.15	$2.35	$0.15	15.67	$242.65
$252.50	$255.00	Jul 17	$0.24	$2.26	$0.24	9.42	$252.74
$240.00	$245.00	Aug 7	$0.52	$4.48	$0.52	8.62	$240.52
$237.50	$240.00	Jul 24	$0.27	$2.23	$0.27	8.26	$237.77
$250.00	$255.00	Jul 31	$0.55	$4.45	$0.55	8.09	$250.55

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$185.00	$180.00	Jul 17	$0.25	$4.75	$0.25	19.00	$184.75
$190.00	$185.00	Jul 17	$0.28	$4.72	$0.28	16.86	$189.72
$180.00	$175.00	Jul 24	$0.43	$4.57	$0.43	10.63	$179.57
$185.00	$180.00	Aug 28	$0.48	$4.52	$0.48	9.42	$184.52
$190.00	$185.00	Jul 24	$0.50	$4.50	$0.50	9.00	$189.50

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 206 found (best R:R 18.23, avg 1.72)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$180.00	$185.00	Jul 17	$4.67	$4.67	$0.33	14.15	$184.67
$180.00	$190.00	Jul 24	$8.60	$8.60	$1.40	6.14	$188.60
$200.00	$205.00	Jul 17	$4.23	$4.23	$0.77	5.49	$204.23
$190.00	$195.00	Jul 17	$4.20	$4.20	$0.80	5.25	$194.20
$195.00	$200.00	Jul 17	$4.20	$4.20	$0.80	5.25	$199.20

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$237.50	$235.00	Jul 17	$2.37	$2.37	$0.13	18.23	$235.13
$250.00	$247.50	Jul 17	$2.35	$2.35	$0.15	15.67	$247.65
$235.00	$232.50	Jul 17	$2.23	$2.23	$0.27	8.26	$232.77
$255.00	$250.00	Aug 7	$4.41	$4.41	$0.59	7.47	$250.59
$255.00	$252.50	Jul 24	$2.20	$2.20	$0.30	7.33	$252.80

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 42 found (avg debit $3.40, cheapest $0.90)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$180.00	Jul 17	Jul 24	$1.50	110.5%	90.8%
$260.00	Jul 17	Jul 24	$1.93	103.8%	92.0%
$255.00	Jul 17	Jul 24	$2.37	104.3%	92.3%
$190.00	Jul 17	Jul 24	$2.52	104.9%	88.4%
$250.00	Jul 17	Jul 24	$2.75	104.2%	91.6%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$175.00	Jul 17	Jul 24	$0.90	108.2%	92.4%
$180.00	Jul 17	Jul 24	$1.26	110.1%	90.8%
$257.50	Jul 17	Jul 24	$1.85	112.6%	91.6%
$185.00	Jul 17	Jul 24	$2.03	109.4%	95.0%
$255.00	Jul 17	Jul 24	$2.23	104.3%	92.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 97 found (cheapest 7.34% of stock, avg 15.83%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$215.00	Jul 17	$9.35	$6.60	$15.95	$199.05	$230.95	7.34%
$222.50	Jul 17	$5.73	$10.35	$16.08	$206.42	$238.58	7.40%
$220.00	Jul 17	$6.85	$9.30	$16.15	$203.85	$236.15	7.43%
$225.00	Jul 17	$4.93	$12.00	$16.93	$208.07	$241.93	7.79%
$210.00	Jul 17	$12.28	$4.72	$17.00	$193.00	$227.00	7.82%
$227.50	Jul 17	$4.20	$14.05	$18.25	$209.25	$245.75	8.40%
$205.00	Jul 17	$15.95	$3.18	$19.13	$185.87	$224.13	8.80%
$230.00	Jul 17	$3.35	$16.02	$19.37	$210.63	$249.37	8.91%
$232.50	Jul 17	$2.87	$17.50	$20.37	$212.13	$252.87	9.37%
$235.00	Jul 17	$2.42	$19.73	$22.15	$212.85	$257.15	10.19%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 2.19% of stock, avg 9.11%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$230.00	$195.00	Jul 17	$3.35	$1.41	$4.76	$190.24	$234.76
$230.00	$200.00	Jul 17	$3.35	$2.13	$5.48	$194.52	$235.48
$227.50	$195.00	Jul 17	$4.20	$1.41	$5.61	$189.39	$233.11
$227.50	$200.00	Jul 17	$4.20	$2.13	$6.33	$193.67	$233.83
$225.00	$195.00	Jul 17	$4.93	$1.41	$6.34	$188.66	$231.34
$230.00	$205.00	Jul 17	$3.35	$3.18	$6.53	$198.47	$236.53
$225.00	$200.00	Jul 17	$4.93	$2.13	$7.06	$192.94	$232.06
$222.50	$195.00	Jul 17	$5.73	$1.41	$7.14	$187.86	$229.64
$227.50	$205.00	Jul 17	$4.20	$3.18	$7.38	$197.62	$234.88
$222.50	$200.00	Jul 17	$5.73	$2.13	$7.86	$192.14	$230.36

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 385 found (best R:R 49.00, avg credit $3.71)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
210/215	220/225	Aug 28	$4.90	$0.10	49.00	$210.10	$224.90
190/195	200/205	Jul 17	$4.84	$0.16	30.25	$190.16	$204.84
220/225	230/235	Jul 24	$4.84	$0.16	30.25	$220.16	$234.84
210/215	225/230	Aug 28	$4.81	$0.19	25.32	$210.19	$229.81
190/195	205/210	Aug 14	$4.75	$0.25	19.00	$190.25	$209.75
215/220	240/245	Aug 14	$4.72	$0.28	16.86	$215.28	$244.72
205/210	220/225	Jul 24	$4.68	$0.32	14.63	$205.32	$224.68
190/195	215/220	Aug 7	$4.67	$0.33	14.15	$190.33	$219.67
200/205	220/225	Aug 14	$4.67	$0.33	14.15	$200.33	$224.67
220/225	230/235	Jul 31	$4.66	$0.34	13.71	$220.34	$234.66

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 114 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$225.00	$230.00	$235.00	Aug 14	$0.05	$4.95	99.00
$215.00	$220.00	$225.00	Aug 7	$0.07	$4.93	70.43
$220.00	$225.00	$230.00	Aug 28	$0.09	$4.91	54.56
$195.00	$200.00	$205.00	Aug 21	$0.11	$4.89	44.45
$222.50	$225.00	$227.50	Jul 17	$0.07	$2.43	34.71

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$190.00	$195.00	$200.00	Jul 17	$0.11	$4.89	44.45
$230.00	$235.00	$240.00	Jul 24	$0.11	$4.89	44.45
$210.00	$215.00	$220.00	Jul 24	$0.13	$4.87	37.46
$230.00	$235.00	$240.00	Jul 31	$0.13	$4.87	37.46
$175.00	$180.00	$185.00	Aug 7	$0.14	$4.86	34.71

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 68 found (best net $-5.31, 68 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$195.00	$215.00	1:2	Aug 7	-$5.31	$14.69
$250.00	$260.00	1:2	Aug 7	-$2.56	$7.44
$250.00	$260.00	1:2	Aug 14	-$2.88	$7.12
$240.00	$250.00	1:2	Aug 28	-$4.60	$5.40
$250.00	$260.00	1:2	Aug 28	-$4.76	$5.24

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$240.00	$220.00	1:2	Aug 14	-$5.36	$14.64
$200.00	$190.00	1:2	Aug 28	-$3.11	$6.89
$185.00	$180.00	1:2	Jul 17	-$0.02	$4.98
$180.00	$175.00	1:2	Jul 17	-$0.13	$4.87
$195.00	$190.00	1:2	Jul 17	-$0.19	$4.81

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 68 found (best yield 7.36%, avg 2.82%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$220.00	Aug 28	$16.00	0.51	1.2%	7.36%	8.61%	3	1
$220.00	Aug 21	$14.65	0.50	1.2%	6.74%	7.98%	56	230
$220.00	Aug 14	$14.25	0.51	1.2%	6.56%	7.80%	6	7
$220.00	Aug 7	$13.70	0.52	1.2%	6.30%	7.55%	3	--
$225.00	Aug 28	$13.70	0.47	3.5%	6.30%	9.85%	70	--
$225.00	Aug 21	$13.00	0.46	3.5%	5.98%	9.53%	54	52
$220.00	Jul 31	$12.20	0.51	1.2%	5.61%	6.86%	10	23
$225.00	Aug 14	$12.20	0.46	3.5%	5.61%	9.16%	4	--
$230.00	Aug 21	$11.60	0.42	5.8%	5.34%	11.18%	1.1K	552
$225.00	Aug 7	$11.30	0.47	3.5%	5.20%	8.74%	10	1

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 15,845

Total Puts 26,223

Put/Call Ratio 1.66

Net Difference -10,378

Prior's Put/Call Breakdown

Total Calls 5,818

Total Puts 866

Put/Call Ratio 0.15

Net Difference 4,952

Prior 7-Day Put/Call Summary

Total Calls 164,196

Total Puts 42,019

Average Put/Call Ratio 0.30

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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