IBM - Options Database

IBM

IBM CORP

$221.09 -23.82%

(7/14 09:45) ◀

Tuesday, July 14, 2026 (9:50am)

▶ (7/14 09:55)

◀ 7/14 09:50 ▶

Option Volume

Detail

ℹ

Current (07/14 9:50am) 98,448

Calls: 47,528 (48%)

Puts: 50,920 (52%)

Prior (06/25) 15,134

Calls: 13,259 (88%)

Puts: 1,875 (12%)

Current vs Prior +550.51%

Calls: +258.46% (Calls)

Puts: +2615.73% (Puts)

Prior 7-Day Total 324,248

Calls: 202,792 (63%)

Puts: 121,456 (37%)

Prior 7-Day Average 46,321

Calls: 28,970 (63%)

Puts: 17,350 (37%)

Current vs Prior 7-Day Avg +112.53%

Calls: +64.06%

Puts: +193.47%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (07/14 9:50am) $78.87M

Calls: $32.20M (41%)

Puts: $46.68M (59%)

Prior (06/25) $5.98M

Calls: $5.00M (83%)

Puts: $987.8K (17%)

Current vs Prior +1217.95%

Calls: +544.36%

Puts: +4625.09%

Prior 7-Day Total $240.74M

Calls: $128.70M (53%)

Puts: $112.04M (47%)

Prior 7-Day Average $34.39M

Calls: $18.39M (53%)

Puts: $16.01M (47%)

Current vs Prior 7-Day Avg +129.34%

Calls: +75.11%

Puts: +191.63%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/14 9:50am) 1.07

Prior (06/25) 0.14

Current vs Prior +657.61%

Prior 7-Day Average 0.62

Current vs Prior 7-Day Avg +73.85%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (07/14 9:50am) 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 3,426,716

Calls: 1,987,747 (58%)

Puts: 1,438,969 (42%)

Prior 7-Day Average 489,530

Calls: 283,963 (58%)

Puts: 205,567 (42%)

Current vs Prior 7-Day Avg +15.50%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 6.71% | 12.35%6.71% | 16.41%

Prior 3.40% | 6.03%-- | --

Current vs Prior +97.54% | +104.85%-- | --

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

Current vs 7-Day Avg +33.93% | +76.73%-- | --

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

Current vs 7-Day Eod +97.54% | +104.85%-- | --

Sentiment BEARISH--

Relative Spread

Detail

ℹ

Expiry | Next

Current 6.42% | 14.63%

Calls: 4.68% | 13.43%

Puts: 8.16% | 15.83%

Prior 39.77% | 29.09%

Calls: 30.77% | 24.57%

Puts: 48.78% | 33.62%

Current vs Prior -83.86% | -49.71%

Prior 7-Day Avg 18.34% | 16.79%

Calls: 14.96% | 12.82%

Puts: 21.73% | 20.76%

Current vs 7-Day Avg -65.00% | -12.86%

Liquidity Pricy

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🤖 AI Insights

Massive premium surge with dollar volume up 1218% vs prior. Dollar volume significantly above 7-day average (129% higher). Unusually high activity with volume up 551% vs prior - elevated interest. Volume explosion - 113% above 7-day average (98,448 vs avg 46,321).

Smart Money BEARISH

Retail Flow NEUTRAL

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Current NEUTRAL

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

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
09:50	BEARISH	NEUTRAL	BEARISH
09:45	BEARISH	BEARISH	BEARISH
09:40	BEARISH	BEARISH	BEARISH
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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 98 of results (avg 7.8%, best 3.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Jul 24	10.20	10.60	$10.40	3.8%	353	0.49	8
$230.00	Jul 17	3.40	3.55	$3.47	4.3%	3.1K	0.33	331
$220.00	Jul 17	7.30	7.65	$7.48	4.7%	1.7K	0.55	442
$220.00	Aug 21	16.55	17.55	$17.05	5.9%	308	0.54	230
$250.00	Aug 21	6.50	6.90	$6.70	6.0%	1.1K	0.28	1.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Aug 21	27.95	28.95	$28.45	3.5%	242	0.64	2.0K
$265.00	Jul 17	42.55	44.65	$43.60	4.8%	107	1.00	2.0K
$220.00	Jul 24	10.95	11.50	$11.23	4.9%	163	0.45	144
$230.00	Aug 21	21.60	22.85	$22.23	5.6%	66	0.55	1.4K
$200.00	Aug 21	7.30	7.75	$7.53	6.0%	856	0.27	703

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 6 found (avg $0.65, cheapest $0.14)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$250.00	Jul 17	0.51	0.59	$0.55	14.5%	2.4K	0.07	4.2K
$245.00	Jul 17	0.85	1.00	$0.93	16.1%	491	0.11	1.0K

PUTS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$185.00	Jul 17	0.13	0.15	$0.14	14.3%	850	0.02	457
$195.00	Jul 17	0.44	0.50	$0.47	12.8%	970	0.06	321
$200.00	Jul 17	0.80	0.85	$0.83	6.0%	4.6K	0.10	1.1K
$180.00	Jul 24	0.92	1.00	$0.96	8.3%	788	0.07	284

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 123 found (avg delta 0.73, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$180.00	Jul 17	40.05	43.50	$41.78	8.3%	--	0.99	22
$185.00	Jul 17	35.25	38.70	$36.98	9.3%	--	0.98	45
$190.00	Jul 17	30.85	33.60	$32.23	8.5%	46	0.97	15
$195.00	Jul 17	26.10	28.15	$27.13	7.6%	47	0.94	40
$180.00	Jul 24	41.35	44.60	$42.98	7.6%	--	0.94	16

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$257.50	Jul 17	34.30	37.25	$35.78	8.2%	36	1.00	222
$260.00	Jul 17	36.95	39.60	$38.28	6.9%	95	1.00	2.8K
$262.50	Jul 17	39.20	42.05	$40.63	7.0%	25	1.00	219
$265.00	Jul 17	42.55	44.65	$43.60	4.8%	107	1.00	2.0K
$255.00	Jul 17	31.95	34.75	$33.35	8.4%	53	0.95	1.3K

Most actively traded options today. High liquidity = easy entry/exit. 254 active (total vol 59.1K, top 4.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Jul 17	3.40	3.55	$3.47	4.3%	3.1K	0.33	331
$225.00	Jul 17	5.00	5.45	$5.23	8.6%	2.6K	0.43	221
$250.00	Jul 17	0.51	0.59	$0.55	14.5%	2.4K	0.07	4.2K
$220.00	Jul 17	7.30	7.65	$7.48	4.7%	1.7K	0.55	442
$255.00	Jul 17	0.30	0.43	$0.37	35.1%	1.4K	0.05	1.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Jul 17	0.80	0.85	$0.83	6.0%	4.6K	0.10	1.1K
$215.00	Jul 17	3.80	4.20	$4.00	10.0%	4.1K	0.34	1.1K
$220.00	Jul 17	5.60	6.40	$6.00	13.3%	3.3K	0.45	2.1K
$210.00	Jul 17	2.40	2.67	$2.54	10.6%	2.3K	0.24	733
$200.00	Jul 24	3.55	4.00	$3.78	11.9%	1.7K	0.20	251

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 48 strikes (avg 38.7%, max 71.6%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$180.00	Jul 17	Aug 21	97.9%	59.0%	65.8%	1	67
$185.00	Jul 17	Aug 21	93.2%	58.3%	59.7%	12	49
$190.00	Jul 17	Aug 21	89.2%	57.7%	54.7%	48	30
$260.00	Jul 17	Aug 28	89.2%	58.5%	52.5%	470	3.2K
$255.00	Jul 17	Aug 28	87.8%	57.7%	52.1%	1.4K	1.1K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$180.00	Jul 17	Aug 28	97.9%	57.0%	71.6%	892	580
$185.00	Jul 17	Aug 28	93.2%	55.2%	68.9%	871	457
$190.00	Jul 17	Aug 28	89.1%	55.6%	60.2%	1.5K	430
$195.00	Jul 17	Aug 28	87.7%	57.1%	53.6%	1.1K	321
$260.00	Jul 17	Aug 28	89.2%	58.4%	52.7%	99	2.8K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 168 found (best R:R 21.73, avg 3.11)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$255.00	$257.50	Jul 24	$0.11	$2.39	$0.11	21.73	$255.11
$245.00	$247.50	Jul 17	$0.17	$2.33	$0.17	13.71	$245.17
$260.00	$262.50	Jul 24	$0.20	$2.30	$0.20	11.50	$260.20
$247.50	$250.00	Jul 17	$0.21	$2.29	$0.21	10.90	$247.71
$240.00	$242.50	Jul 17	$0.26	$2.24	$0.26	8.62	$240.26

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$195.00	$190.00	Jul 17	$0.23	$4.77	$0.23	20.74	$194.77
$200.00	$195.00	Jul 17	$0.36	$4.64	$0.36	12.89	$199.64
$185.00	$180.00	Jul 24	$0.45	$4.55	$0.45	10.11	$184.55
$185.00	$180.00	Aug 7	$0.49	$4.51	$0.49	9.20	$184.51
$190.00	$185.00	Jul 24	$0.54	$4.46	$0.54	8.26	$189.46

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 234 found (best R:R 24.00, avg 2.01)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$180.00	$185.00	Jul 17	$4.80	$4.80	$0.20	24.00	$184.80
$185.00	$190.00	Jul 17	$4.75	$4.75	$0.25	19.00	$189.75
$180.00	$190.00	Jul 24	$9.03	$9.03	$0.97	9.31	$189.03
$200.00	$205.00	Jul 17	$4.50	$4.50	$0.50	9.00	$204.50
$195.00	$200.00	Jul 17	$4.38	$4.38	$0.62	7.06	$199.38

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$255.00	$252.50	Jul 24	$2.36	$2.36	$0.14	16.86	$252.64
$262.50	$260.00	Jul 17	$2.35	$2.35	$0.15	15.67	$260.15
$262.50	$260.00	Jul 24	$2.35	$2.35	$0.15	15.67	$260.15
$265.00	$262.50	Jul 24	$2.27	$2.27	$0.23	9.87	$262.73
$260.00	$257.50	Jul 24	$2.23	$2.23	$0.27	8.26	$257.77

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 49 found (avg debit $3.34, cheapest $0.88)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$180.00	Jul 17	Jul 24	$1.20	97.9%	86.5%
$190.00	Jul 17	Jul 24	$1.72	89.2%	83.8%
$265.00	Jul 17	Jul 24	$1.77	90.4%	86.7%
$262.50	Jul 17	Jul 24	$1.80	91.4%	84.6%
$260.00	Jul 17	Jul 24	$1.97	89.2%	83.8%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$180.00	Jul 17	Jul 24	$0.88	97.9%	86.5%
$265.00	Jul 17	Jul 24	$1.00	90.4%	86.7%
$185.00	Jul 17	Jul 24	$1.27	93.2%	85.5%
$260.00	Jul 17	Jul 24	$1.70	89.2%	83.8%
$262.50	Jul 17	Jul 24	$1.70	91.4%	84.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 122 found (cheapest 6.10% of stock, avg 15.32%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$220.00	Jul 17	$7.48	$6.00	$13.48	$206.52	$233.48	6.10%
$222.50	Jul 17	$6.38	$7.35	$13.73	$208.77	$236.23	6.21%
$225.00	Jul 17	$5.23	$8.68	$13.91	$211.09	$238.91	6.29%
$215.00	Jul 17	$10.20	$4.00	$14.20	$200.80	$229.20	6.42%
$227.50	Jul 17	$4.28	$10.18	$14.46	$213.04	$241.96	6.54%
$230.00	Jul 17	$3.47	$11.90	$15.37	$214.63	$245.37	6.95%
$232.50	Jul 17	$2.85	$13.38	$16.23	$216.27	$248.73	7.34%
$210.00	Jul 17	$13.93	$2.54	$16.47	$193.53	$226.47	7.45%
$235.00	Jul 17	$2.35	$15.48	$17.83	$217.17	$252.83	8.06%
$237.50	Jul 17	$1.88	$17.48	$19.36	$218.14	$256.86	8.76%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 1.66% of stock, avg 8.13%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$232.50	$200.00	Jul 17	$2.85	$0.83	$3.68	$196.32	$236.18
$230.00	$200.00	Jul 17	$3.47	$0.83	$4.30	$195.70	$234.30
$232.50	$205.00	Jul 17	$2.85	$1.43	$4.28	$200.72	$236.78
$230.00	$205.00	Jul 17	$3.47	$1.43	$4.90	$200.10	$234.90
$227.50	$200.00	Jul 17	$4.28	$0.83	$5.11	$194.89	$232.61
$232.50	$210.00	Jul 17	$2.85	$2.54	$5.39	$204.61	$237.89
$227.50	$205.00	Jul 17	$4.28	$1.43	$5.71	$199.29	$233.21
$230.00	$210.00	Jul 17	$3.47	$2.54	$6.01	$203.99	$236.01
$225.00	$200.00	Jul 17	$5.23	$0.83	$6.06	$193.94	$231.06
$225.00	$205.00	Jul 17	$5.23	$1.43	$6.66	$198.34	$231.66

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 345 found (best R:R 30.25, avg credit $3.54)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
215/220	230/235	Aug 28	$4.84	$0.16	30.25	$215.16	$234.84
200/205	210/215	Aug 28	$4.81	$0.19	25.32	$200.19	$214.81
190/195	210/215	Aug 28	$4.80	$0.20	24.00	$190.20	$214.80
185/190	205/210	Jul 24	$4.79	$0.21	22.81	$185.21	$209.79
210/215	220/225	Jul 31	$4.78	$0.22	21.73	$210.22	$224.78
210/215	220/225	Aug 7	$4.76	$0.24	19.83	$210.24	$224.76
205/210	220/225	Aug 14	$4.75	$0.25	19.00	$205.25	$224.75
195/200	210/215	Aug 21	$4.74	$0.26	18.23	$195.26	$214.74
190/195	200/205	Jul 17	$4.73	$0.27	17.52	$190.27	$204.73
190/195	205/210	Aug 28	$4.73	$0.27	17.52	$190.27	$209.73

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 146 found (best R:R 70.43, cheapest $0.07)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$225.00	$230.00	$235.00	Aug 28	$0.08	$4.92	61.50
$230.00	$235.00	$240.00	Aug 21	$0.09	$4.91	54.56
$225.00	$230.00	$235.00	Aug 7	$0.10	$4.90	49.00
$225.00	$230.00	$235.00	Jul 31	$0.12	$4.88	40.67
$195.00	$200.00	$205.00	Aug 14	$0.12	$4.88	40.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$210.00	$215.00	$220.00	Aug 7	$0.07	$4.93	70.43
$250.00	$255.00	$260.00	Jul 31	$0.08	$4.92	61.50
$245.00	$250.00	$255.00	Aug 7	$0.08	$4.92	61.50
$235.00	$240.00	$245.00	Aug 21	$0.08	$4.92	61.50
$180.00	$185.00	$190.00	Jul 24	$0.09	$4.91	54.56

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 71 found (best net $-2.55, 71 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$250.00	$260.00	1:2	Aug 14	-$2.55	$7.45
$260.00	$265.00	1:2	Jul 31	-$1.83	$3.17
$262.50	$265.00	1:2	Jul 17	-$0.08	$2.42
$260.00	$265.00	1:2	Aug 7	-$2.60	$2.40
$260.00	$262.50	1:2	Jul 17	-$0.17	$2.33

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$195.00	$190.00	1:2	Jul 17	-$0.01	$4.99
$185.00	$180.00	1:2	Jul 17	-$0.02	$4.98
$190.00	$185.00	1:2	Jul 17	-$0.04	$4.96
$200.00	$195.00	1:2	Jul 17	-$0.11	$4.89
$205.00	$200.00	1:2	Jul 17	-$0.23	$4.77

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 74 found (best yield 6.78%, avg 2.66%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$225.00	Aug 28	$15.00	0.50	1.8%	6.78%	8.55%	89	--
$225.00	Aug 21	$14.50	0.49	1.8%	6.56%	8.33%	243	52
$225.00	Aug 14	$13.00	0.49	1.8%	5.88%	7.65%	49	--
$230.00	Aug 28	$13.00	0.45	4.0%	5.88%	9.91%	17	--
$225.00	Aug 7	$12.90	0.50	1.8%	5.83%	7.60%	64	1
$230.00	Aug 21	$12.40	0.45	4.0%	5.61%	9.64%	1.2K	552
$225.00	Jul 31	$11.40	0.50	1.8%	5.16%	6.92%	71	14
$230.00	Aug 7	$11.10	0.45	4.0%	5.02%	9.05%	34	1
$235.00	Aug 28	$10.70	0.41	6.3%	4.84%	11.13%	5	--
$230.00	Aug 14	$10.55	0.44	4.0%	4.77%	8.80%	8	--

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 47,528

Total Puts 50,920

Put/Call Ratio 1.07

Net Difference -3,392

Prior's Put/Call Breakdown

Total Calls 13,259

Total Puts 1,875

Put/Call Ratio 0.14

Net Difference 11,384

Prior 7-Day Put/Call Summary

Total Calls 202,792

Total Puts 121,456

Average Put/Call Ratio 0.62

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

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📈 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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