IBM - Options Database

IBM

IBM CORP

$220.08 -24.17%

(7/14 09:35) ◀

Tuesday, July 14, 2026 (9:40am)

▶ (7/14 09:45)

◀ 7/14 09:40 ▶

Option Volume

Detail

ℹ

Current (07/14 9:40am) 67,674

Calls: 29,425 (43%)

Puts: 38,249 (57%)

Prior (06/25) 10,458

Calls: 9,500 (91%)

Puts: 958 (9%)

Current vs Prior +547.10%

Calls: +209.74% (Calls)

Puts: +3892.59% (Puts)

Prior 7-Day Total 214,835

Calls: 150,809 (70%)

Puts: 64,026 (30%)

Prior 7-Day Average 35,805

Calls: 21,544 (70%)

Puts: 9,146 (30%)

Current vs Prior 7-Day Avg +89.00%

Calls: +36.58%

Puts: +318.18%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (07/14 9:40am) $56.13M

Calls: $18.32M (33%)

Puts: $37.82M (67%)

Prior (06/25) $4.38M

Calls: $3.79M (87%)

Puts: $590.3K (13%)

Current vs Prior +1180.57%

Calls: +382.87%

Puts: +6306.58%

Prior 7-Day Total $156.57M

Calls: $94.94M (61%)

Puts: $61.63M (39%)

Prior 7-Day Average $26.09M

Calls: $13.56M (61%)

Puts: $8.80M (39%)

Current vs Prior 7-Day Avg +115.11%

Calls: +35.04%

Puts: +329.56%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/14 9:40am) 1.30

Prior (06/25) 0.10

Current vs Prior +1189.03%

Prior 7-Day Average 0.58

Current vs Prior 7-Day Avg +123.68%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (07/14 9:40am) 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 2,861,287

Calls: 1,658,008 (58%)

Puts: 1,203,279 (42%)

Prior 7-Day Average 476,881

Calls: 276,334 (58%)

Puts: 200,546 (42%)

Current vs Prior 7-Day Avg +18.57%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 7.16% | 12.63%7.16% | 16.91%

Prior 3.40% | 6.03%-- | --

Current vs Prior +110.89% | +109.56%-- | --

Prior 7-Day Avg 5.01% | 6.99%-- | --

Current vs 7-Day Avg +42.98% | +80.79%-- | --

Prior 7-Day Eod 3.40% | 6.03%-- | --

Current vs 7-Day Eod +110.89% | +109.56%-- | --

Sentiment BEARISH--

Relative Spread

Detail

ℹ

Expiry | Next

Current 9.41% | 12.47%

Calls: 7.35% | 10.85%

Puts: 11.47% | 14.09%

Prior 39.77% | 29.09%

Calls: 30.77% | 24.57%

Puts: 48.78% | 33.62%

Current vs Prior -76.34% | -57.13%

Prior 7-Day Avg 18.34% | 16.79%

Calls: 14.96% | 12.82%

Puts: 21.73% | 20.76%

Current vs 7-Day Avg -48.70% | -25.73%

Liquidity Expensive

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Moderately bearish flow with 67% put dollar volume ($37.82M). Massive premium surge with dollar volume up 1181% vs prior. Dollar volume significantly above 7-day average (115% higher). Unusually high activity with volume up 547% 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
09:40	BEARISH	BEARISH	BEARISH
09:35	BEARISH	BEARISH	BEARISH

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 81 of results (avg 8.0%, best 4.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$242.50	Jul 24	4.75	5.00	$4.88	5.1%	136	0.28	--
$180.00	Aug 21	43.00	45.75	$44.38	6.2%	--	0.86	45
$205.00	Aug 21	24.25	25.95	$25.10	6.8%	18	0.67	14
$185.00	Aug 21	38.65	41.40	$40.03	6.9%	12	0.83	4
$190.00	Aug 21	34.80	37.45	$36.13	7.3%	2	0.80	15

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$220.00	Jul 17	6.90	7.20	$7.05	4.3%	2.8K	0.47	2.1K
$200.00	Jul 17	1.18	1.24	$1.21	5.0%	3.0K	0.12	1.1K
$190.00	Jul 17	0.38	0.40	$0.39	5.1%	1.1K	0.04	430
$205.00	Aug 21	9.65	10.20	$9.93	5.5%	49	0.32	674
$240.00	Aug 21	29.15	30.90	$30.03	5.8%	227	0.64	2.0K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.48, cheapest $0.27)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Jul 17	0.25	0.28	$0.27	11.1%	236	0.04	3.2K
$250.00	Jul 17	0.55	0.63	$0.59	13.6%	1.4K	0.08	4.2K

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$190.00	Jul 17	0.38	0.40	$0.39	5.1%	1.1K	0.04	430
$195.00	Jul 17	0.65	0.70	$0.68	7.4%	523	0.07	321

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 115 found (avg delta 0.72, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$180.00	Jul 17	39.35	42.65	$41.00	8.0%	--	0.99	22
$185.00	Jul 17	34.15	37.70	$35.92	9.9%	--	0.97	45
$190.00	Jul 17	29.95	32.55	$31.25	8.3%	46	0.96	15
$195.00	Jul 17	25.50	28.20	$26.85	10.1%	9	0.93	40
$180.00	Jul 24	40.35	43.90	$42.13	8.4%	--	0.93	16

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Jul 17	38.25	40.80	$39.53	6.5%	89	1.00	2.8K
$262.50	Jul 17	40.65	43.45	$42.05	6.7%	25	1.00	219
$257.50	Jul 17	35.35	38.30	$36.83	8.0%	26	0.95	222
$255.00	Jul 17	33.15	35.80	$34.47	7.7%	52	0.95	1.3K
$252.50	Jul 17	30.65	33.35	$32.00	8.4%	12	0.94	209

Most actively traded options today. High liquidity = easy entry/exit. 233 active (total vol 41.8K, top 3.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Jul 17	3.40	3.70	$3.55	8.5%	1.8K	0.32	331
$250.00	Jul 17	0.55	0.63	$0.59	13.6%	1.4K	0.08	4.2K
$225.00	Jul 17	5.00	5.50	$5.25	9.5%	1.4K	0.42	221
$255.00	Jul 17	0.35	0.47	$0.41	29.3%	1.2K	0.05	1.1K
$220.00	Jul 17	7.20	7.75	$7.48	7.4%	1.2K	0.53	442

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$215.00	Jul 17	4.65	4.95	$4.80	6.2%	3.5K	0.36	1.1K
$200.00	Jul 17	1.18	1.24	$1.21	5.0%	3.0K	0.12	1.1K
$220.00	Jul 17	6.90	7.20	$7.05	4.3%	2.8K	0.47	2.1K
$210.00	Jul 17	2.96	3.25	$3.11	9.3%	1.8K	0.26	733
$200.00	Jul 24	4.10	4.80	$4.45	15.7%	1.4K	0.23	251

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 47 strikes (avg 39.2%, max 75.2%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$180.00	Jul 17	Aug 21	103.1%	61.6%	67.4%	--	67
$185.00	Jul 17	Aug 21	99.1%	61.1%	62.4%	12	49
$260.00	Jul 17	Aug 28	94.6%	59.6%	58.7%	242	3.2K
$255.00	Jul 17	Aug 28	91.6%	57.8%	58.6%	1.2K	1.1K
$190.00	Jul 17	Aug 21	96.0%	60.6%	58.4%	48	30

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$180.00	Jul 17	Aug 28	103.1%	58.9%	75.2%	738	580
$190.00	Jul 17	Aug 28	96.0%	58.1%	65.1%	1.1K	430
$185.00	Jul 17	Aug 28	99.0%	60.3%	64.4%	573	457
$200.00	Jul 17	Aug 28	92.0%	57.6%	59.7%	3.0K	1.1K
$260.00	Jul 17	Aug 28	94.6%	59.6%	58.8%	93	2.8K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 161 found (best R:R 49.00, avg 3.31)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$247.50	$250.00	Jul 17	$0.13	$2.37	$0.13	18.23	$247.63
$250.00	$252.50	Jul 17	$0.15	$2.35	$0.15	15.67	$250.15
$250.00	$252.50	Jul 24	$0.16	$2.34	$0.16	14.62	$250.16
$240.00	$242.50	Jul 17	$0.19	$2.31	$0.19	12.16	$240.19
$245.00	$247.50	Jul 17	$0.21	$2.29	$0.21	10.90	$245.21

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$185.00	$180.00	Jul 17	$0.10	$4.90	$0.10	49.00	$184.90
$190.00	$185.00	Jul 17	$0.16	$4.84	$0.16	30.25	$189.84
$195.00	$190.00	Jul 17	$0.29	$4.71	$0.29	16.24	$194.71
$200.00	$195.00	Jul 17	$0.53	$4.47	$0.53	8.43	$199.47
$185.00	$180.00	Jul 24	$0.57	$4.43	$0.57	7.77	$184.43

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 224 found (best R:R 32.33, avg 1.89)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$195.00	$200.00	Jul 17	$4.85	$4.85	$0.15	32.33	$199.85
$185.00	$190.00	Jul 17	$4.67	$4.67	$0.33	14.15	$189.67
$205.00	$210.00	Jul 17	$4.47	$4.47	$0.53	8.43	$209.47
$190.00	$195.00	Jul 17	$4.40	$4.40	$0.60	7.33	$194.40
$180.00	$185.00	Aug 21	$4.35	$4.35	$0.65	6.69	$184.35

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$257.50	$255.00	Jul 17	$2.36	$2.36	$0.14	16.86	$255.14
$260.00	$257.50	Jul 24	$2.35	$2.35	$0.15	15.67	$257.65
$255.00	$252.50	Jul 24	$2.31	$2.31	$0.19	12.16	$252.69
$252.50	$250.00	Jul 17	$2.20	$2.20	$0.30	7.33	$250.30
$260.00	$255.00	Jul 31	$4.32	$4.32	$0.68	6.35	$255.68

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 47 found (avg debit $3.51, cheapest $1.06)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$180.00	Jul 17	Jul 24	$1.13	103.1%	89.3%
$262.50	Jul 17	Jul 24	$1.74	98.2%	88.1%
$257.50	Jul 17	Jul 24	$2.05	94.3%	84.5%
$260.00	Jul 17	Jul 24	$2.14	94.6%	88.5%
$190.00	Jul 17	Jul 24	$2.23	96.0%	87.2%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$180.00	Jul 17	Jul 24	$1.06	103.1%	89.3%
$262.50	Jul 17	Jul 24	$1.45	98.2%	88.1%
$185.00	Jul 17	Jul 24	$1.53	99.0%	89.6%
$260.00	Jul 17	Jul 24	$1.97	94.6%	88.5%
$190.00	Jul 17	Jul 24	$1.99	96.0%	87.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 113 found (cheapest 6.60% of stock, avg 15.41%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$220.00	Jul 17	$7.48	$7.05	$14.53	$205.47	$234.53	6.60%
$222.50	Jul 17	$6.40	$8.28	$14.68	$207.82	$237.18	6.67%
$225.00	Jul 17	$5.25	$9.73	$14.98	$210.02	$239.98	6.81%
$215.00	Jul 17	$10.40	$4.80	$15.20	$199.80	$230.20	6.91%
$227.50	Jul 17	$4.45	$11.13	$15.58	$211.92	$243.08	7.08%
$230.00	Jul 17	$3.55	$12.85	$16.40	$213.60	$246.40	7.45%
$210.00	Jul 17	$13.45	$3.11	$16.56	$193.44	$226.56	7.52%
$232.50	Jul 17	$2.93	$14.70	$17.63	$214.87	$250.13	8.01%
$235.00	Jul 17	$2.30	$16.85	$19.15	$215.85	$254.15	8.70%
$205.00	Jul 17	$17.92	$1.91	$19.83	$185.17	$224.83	9.01%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 1.88% of stock, avg 8.79%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$232.50	$200.00	Jul 17	$2.93	$1.21	$4.14	$195.86	$236.64
$230.00	$200.00	Jul 17	$3.55	$1.21	$4.76	$195.24	$234.76
$232.50	$205.00	Jul 17	$2.93	$1.91	$4.84	$200.16	$237.34
$230.00	$205.00	Jul 17	$3.55	$1.91	$5.46	$199.54	$235.46
$227.50	$200.00	Jul 17	$4.45	$1.21	$5.66	$194.34	$233.16
$232.50	$210.00	Jul 17	$2.93	$3.11	$6.04	$203.96	$238.54
$227.50	$205.00	Jul 17	$4.45	$1.91	$6.36	$198.64	$233.86
$225.00	$200.00	Jul 17	$5.25	$1.21	$6.46	$193.54	$231.46
$230.00	$210.00	Jul 17	$3.55	$3.11	$6.66	$203.34	$236.66
$225.00	$205.00	Jul 17	$5.25	$1.91	$7.16	$197.84	$232.16

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 364 found (best R:R 49.00, avg credit $3.58)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
200/205	220/225	Aug 7	$4.90	$0.10	49.00	$200.10	$224.90
190/195	205/210	Aug 14	$4.87	$0.13	37.46	$190.13	$209.87
215/220	225/230	Jul 31	$4.86	$0.14	34.71	$215.14	$229.86
215/220	230/235	Aug 14	$4.86	$0.14	34.71	$215.14	$234.86
210/215	220/225	Aug 21	$4.86	$0.14	34.71	$210.14	$224.86
195/200	205/210	Jul 24	$4.82	$0.18	26.78	$195.18	$209.82
210/215	220/225	Jul 31	$4.81	$0.19	25.32	$210.19	$224.81
200/205	210/215	Aug 28	$4.81	$0.19	25.32	$200.19	$214.81
195/200	205/210	Aug 14	$4.80	$0.20	24.00	$195.20	$209.80
215/220	230/235	Aug 28	$4.80	$0.20	24.00	$215.20	$234.80

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 132 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$240.00	$245.00	$250.00	Aug 21	$0.05	$4.95	99.00
$225.00	$230.00	$235.00	Aug 14	$0.09	$4.91	54.56
$230.00	$235.00	$240.00	Aug 14	$0.09	$4.91	54.56
$225.00	$230.00	$235.00	Aug 21	$0.09	$4.91	54.56
$215.00	$220.00	$225.00	Aug 28	$0.12	$4.88	40.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$180.00	$185.00	$190.00	Jul 17	$0.06	$4.94	82.33
$230.00	$235.00	$240.00	Aug 7	$0.07	$4.93	70.43
$245.00	$250.00	$255.00	Aug 21	$0.08	$4.92	61.50
$200.00	$205.00	$210.00	Jul 24	$0.09	$4.91	54.56
$225.00	$230.00	$235.00	Aug 7	$0.10	$4.90	49.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 61 found (best net $-1.66, 61 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$250.00	$260.00	1:2	Aug 14	-$1.66	$8.34
$250.00	$260.00	1:2	Aug 7	-$2.39	$7.61
$255.00	$260.00	1:2	Jul 31	-$2.44	$2.56
$257.50	$260.00	1:2	Jul 17	-$0.17	$2.33
$260.00	$262.50	1:2	Jul 17	-$0.27	$2.23

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$185.00	$180.00	1:2	Jul 17	-$0.03	$4.97
$190.00	$185.00	1:2	Jul 17	-$0.07	$4.93
$195.00	$190.00	1:2	Jul 17	-$0.10	$4.90
$200.00	$195.00	1:2	Jul 17	-$0.15	$4.85
$205.00	$200.00	1:2	Jul 17	-$0.51	$4.49

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 68 found (best yield 6.91%, avg 2.76%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$225.00	Aug 28	$15.20	0.49	2.2%	6.91%	9.14%	70	--
$225.00	Aug 21	$14.00	0.49	2.2%	6.36%	8.60%	197	52
$225.00	Aug 14	$13.15	0.49	2.2%	5.98%	8.21%	37	--
$230.00	Aug 28	$13.15	0.45	4.5%	5.98%	10.48%	9	--
$225.00	Aug 7	$12.65	0.50	2.2%	5.75%	7.98%	51	1
$230.00	Aug 21	$12.25	0.45	4.5%	5.57%	10.07%	1.1K	552
$225.00	Jul 31	$11.60	0.49	2.2%	5.27%	7.51%	46	14
$230.00	Aug 14	$11.10	0.44	4.5%	5.04%	9.55%	5	--
$230.00	Aug 7	$11.00	0.45	4.5%	5.00%	9.51%	30	1
$235.00	Aug 28	$10.95	0.41	6.8%	4.98%	11.75%	5	--

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 29,425

Total Puts 38,249

Put/Call Ratio 1.30

Net Difference -8,824

Prior's Put/Call Breakdown

Total Calls 9,500

Total Puts 958

Put/Call Ratio 0.10

Net Difference 8,542

Prior 7-Day Put/Call Summary

Total Calls 150,809

Total Puts 64,026

Average Put/Call Ratio 0.58

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

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