IBM - Options Database

IBM

IBM CORP

$221.07 -23.83%

(7/14 09:50) ◀

Tuesday, July 14, 2026 (9:55am)

▶ (7/14 10:01)

◀ 7/14 09:55 ▶

Option Volume

Detail

ℹ

Current (07/14 9:55am) 106,773

Calls: 52,282 (49%)

Puts: 54,491 (51%)

Prior (06/25) 18,314

Calls: 15,973 (87%)

Puts: 2,341 (13%)

Current vs Prior +483.01%

Calls: +227.31% (Calls)

Puts: +2227.68% (Puts)

Prior 7-Day Total 355,022

Calls: 220,895 (62%)

Puts: 134,127 (38%)

Prior 7-Day Average 50,717

Calls: 31,556 (62%)

Puts: 19,161 (38%)

Current vs Prior 7-Day Avg +110.53%

Calls: +65.68%

Puts: +184.38%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (07/14 9:55am) $84.42M

Calls: $34.64M (41%)

Puts: $49.79M (59%)

Prior (06/25) $6.84M

Calls: $5.44M (80%)

Puts: $1.40M (20%)

Current vs Prior +1134.01%

Calls: +536.77%

Puts: +3450.53%

Prior 7-Day Total $263.48M

Calls: $142.58M (54%)

Puts: $120.90M (46%)

Prior 7-Day Average $37.64M

Calls: $20.37M (54%)

Puts: $17.27M (46%)

Current vs Prior 7-Day Avg +124.30%

Calls: +70.04%

Puts: +188.28%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/14 9:55am) 1.04

Prior (06/25) 0.15

Current vs Prior +611.14%

Prior 7-Day Average 0.58

Current vs Prior 7-Day Avg +78.59%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (07/14 9:55am) 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 6.69% | 11.87%6.69% | 16.07%

Prior 3.40% | 6.03%-- | --

Current vs Prior +97.16% | +96.99%-- | --

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

Current vs 7-Day Avg +33.67% | +69.95%-- | --

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

Current vs 7-Day Eod +97.16% | +96.99%-- | --

Sentiment BEARISH--

Relative Spread

Detail

ℹ

Expiry | Next

Current 8.11% | 9.49%

Calls: 5.41% | 8.76%

Puts: 10.81% | 10.22%

Prior 39.77% | 29.09%

Calls: 30.77% | 24.57%

Puts: 48.78% | 33.62%

Current vs Prior -79.61% | -67.38%

Prior 7-Day Avg 18.34% | 16.79%

Calls: 14.96% | 12.82%

Puts: 21.73% | 20.76%

Current vs 7-Day Avg -55.79% | -43.48%

Liquidity Expensive

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🤖 AI Insights

Massive premium surge with dollar volume up 1134% vs prior. Dollar volume significantly above 7-day average (124% higher). Unusually high activity with volume up 483% vs prior - elevated interest. Volume explosion - 111% above 7-day average (106,773 vs avg 50,717).

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
09:55	BEARISH	NEUTRAL	BEARISH
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 112 of results (avg 7.8%, best 2.0%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$220.00	Aug 28	17.55	18.35	$17.95	4.5%	34	0.54	1
$235.00	Aug 7	9.15	9.60	$9.38	4.8%	13	0.40	1
$220.00	Jul 17	7.20	7.60	$7.40	5.4%	1.8K	0.55	442
$225.00	Aug 14	13.50	14.30	$13.90	5.8%	64	0.49	--
$225.00	Jul 24	10.00	10.60	$10.30	5.8%	409	0.48	8

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Aug 21	7.45	7.60	$7.53	2.0%	1.0K	0.27	703
$210.00	Aug 21	10.95	11.40	$11.18	4.0%	286	0.36	2.0K
$240.00	Aug 21	28.10	29.50	$28.80	4.9%	242	0.64	2.0K
$230.00	Aug 21	21.20	22.35	$21.78	5.3%	68	0.55	1.4K
$195.00	Aug 21	5.80	6.15	$5.98	5.9%	79	0.23	823

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 6 found (avg $0.62, cheapest $0.32)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$255.00	Jul 17	0.29	0.35	$0.32	18.8%	1.4K	0.05	1.1K
$250.00	Jul 17	0.50	0.54	$0.52	7.7%	2.7K	0.07	4.2K
$245.00	Jul 17	0.77	0.87	$0.82	12.2%	540	0.10	1.0K

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$195.00	Jul 17	0.37	0.44	$0.41	17.1%	1.1K	0.05	321
$200.00	Jul 17	0.71	0.78	$0.75	9.3%	5.1K	0.09	1.1K
$180.00	Jul 24	0.88	0.97	$0.93	9.7%	801	0.06	284

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 124 found (avg delta 0.73, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$180.00	Jul 17	39.80	43.35	$41.58	8.5%	--	0.99	22
$185.00	Jul 17	35.15	38.45	$36.80	9.0%	--	0.98	45
$190.00	Jul 17	30.00	33.30	$31.65	10.4%	46	0.97	15
$195.00	Jul 17	25.55	28.50	$27.03	10.9%	48	0.95	40
$180.00	Jul 24	41.00	44.35	$42.68	7.8%	--	0.94	16

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Jul 17	37.05	40.15	$38.60	8.0%	97	1.00	2.8K
$262.50	Jul 17	39.35	42.60	$40.98	7.9%	25	1.00	219
$265.00	Jul 17	42.10	44.80	$43.45	6.2%	108	1.00	2.0K
$257.50	Jul 17	34.50	37.65	$36.08	8.7%	36	0.94	222
$255.00	Jul 17	32.05	35.15	$33.60	9.2%	57	0.93	1.3K

Most actively traded options today. High liquidity = easy entry/exit. 255 active (total vol 63.9K, top 5.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Jul 17	3.25	3.45	$3.35	6.0%	3.6K	0.32	331
$225.00	Jul 17	4.80	5.35	$5.07	10.8%	2.9K	0.43	221
$250.00	Jul 17	0.50	0.54	$0.52	7.7%	2.7K	0.07	4.2K
$220.00	Jul 17	7.20	7.60	$7.40	5.4%	1.8K	0.55	442
$240.00	Jul 17	1.30	1.39	$1.35	6.7%	1.5K	0.16	481

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Jul 17	0.71	0.78	$0.75	9.3%	5.1K	0.09	1.1K
$215.00	Jul 17	3.70	4.15	$3.93	11.5%	4.2K	0.34	1.1K
$220.00	Jul 17	5.85	6.30	$6.07	7.4%	3.5K	0.46	2.1K
$210.00	Jul 17	2.24	2.57	$2.41	13.7%	2.5K	0.23	733
$200.00	Jul 24	3.55	3.95	$3.75	10.7%	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 36.5%, max 66.3%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$180.00	Jul 17	Aug 21	95.8%	58.7%	63.4%	1	67
$185.00	Jul 17	Aug 21	90.6%	58.3%	55.4%	12	49
$265.00	Jul 17	Aug 28	90.9%	59.4%	53.2%	228	1.1K
$255.00	Jul 17	Aug 28	87.0%	57.3%	51.8%	1.4K	1.1K
$190.00	Jul 17	Aug 21	87.7%	57.9%	51.4%	48	30

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$180.00	Jul 17	Aug 28	95.8%	57.6%	66.3%	903	580
$185.00	Jul 17	Aug 28	90.6%	56.9%	59.2%	1.0K	457
$190.00	Jul 17	Aug 28	87.7%	55.9%	56.8%	1.6K	430
$265.00	Jul 17	Aug 21	90.9%	58.9%	54.3%	144	2.7K
$255.00	Jul 17	Aug 21	87.0%	58.1%	49.8%	78	2.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 169 found (best R:R 24.00, avg 3.11)

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	$0.13	$2.37	$0.13	18.23	$250.13
$245.00	$247.50	Jul 17	$0.17	$2.33	$0.17	13.71	$245.17
$250.00	$252.50	Jul 24	$0.24	$2.26	$0.24	9.42	$250.24
$240.00	$242.50	Jul 17	$0.25	$2.25	$0.25	9.00	$240.25

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$195.00	$190.00	Jul 17	$0.20	$4.80	$0.20	24.00	$194.80
$200.00	$195.00	Jul 17	$0.34	$4.66	$0.34	13.71	$199.66
$185.00	$180.00	Aug 14	$0.43	$4.57	$0.43	10.63	$184.57
$185.00	$180.00	Jul 24	$0.47	$4.53	$0.47	9.64	$184.53
$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. 234 found (best R:R 34.71, avg 2.09)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$195.00	$200.00	Jul 17	$4.86	$4.86	$0.14	34.71	$199.86
$180.00	$185.00	Jul 17	$4.78	$4.78	$0.22	21.73	$184.78
$190.00	$195.00	Jul 17	$4.62	$4.62	$0.38	12.16	$194.62
$180.00	$190.00	Jul 24	$9.05	$9.05	$0.95	9.53	$189.05
$200.00	$205.00	Jul 17	$4.32	$4.32	$0.68	6.35	$204.32

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$262.50	$260.00	Jul 17	$2.38	$2.38	$0.12	19.83	$260.12
$265.00	$260.00	Aug 7	$4.75	$4.75	$0.25	19.00	$260.25
$252.50	$250.00	Jul 17	$2.35	$2.35	$0.15	15.67	$250.15
$255.00	$252.50	Jul 17	$2.30	$2.30	$0.20	11.50	$252.70
$260.00	$255.00	Jul 31	$4.35	$4.35	$0.65	6.69	$255.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 49 found (avg debit $3.26, cheapest $0.85)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$180.00	Jul 17	Jul 24	$1.10	95.8%	85.0%
$265.00	Jul 17	Jul 24	$1.60	90.9%	85.5%
$262.50	Jul 17	Jul 24	$1.69	86.9%	83.6%
$257.50	Jul 17	Jul 24	$1.89	87.0%	82.1%
$260.00	Jul 17	Jul 24	$1.91	87.7%	83.7%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$180.00	Jul 17	Jul 24	$0.85	95.8%	85.0%
$185.00	Jul 17	Jul 24	$1.28	90.6%	84.6%
$262.50	Jul 17	Jul 24	$1.40	86.9%	83.6%
$265.00	Jul 17	Jul 24	$1.50	90.9%	85.5%
$260.00	Jul 17	Jul 24	$1.65	87.7%	83.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 122 found (cheapest 6.09% of stock, avg 15.26%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$220.00	Jul 17	$7.40	$6.07	$13.47	$206.53	$233.47	6.09%
$222.50	Jul 17	$6.20	$7.40	$13.60	$208.90	$236.10	6.15%
$225.00	Jul 17	$5.07	$8.63	$13.70	$211.30	$238.70	6.20%
$215.00	Jul 17	$10.48	$3.93	$14.41	$200.59	$229.41	6.52%
$227.50	Jul 17	$4.10	$10.60	$14.70	$212.80	$242.20	6.65%
$230.00	Jul 17	$3.35	$12.18	$15.53	$214.47	$245.53	7.02%
$210.00	Jul 17	$13.63	$2.41	$16.04	$193.96	$226.04	7.26%
$232.50	Jul 17	$2.73	$13.93	$16.66	$215.84	$249.16	7.54%
$235.00	Jul 17	$2.19	$15.58	$17.77	$217.23	$252.77	8.04%
$205.00	Jul 17	$17.85	$1.33	$19.18	$185.82	$224.18	8.68%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 1.57% of stock, avg 8.13%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$232.50	$200.00	Jul 17	$2.73	$0.75	$3.48	$196.52	$235.98
$232.50	$205.00	Jul 17	$2.73	$1.33	$4.06	$200.94	$236.56
$230.00	$200.00	Jul 17	$3.35	$0.75	$4.10	$195.90	$234.10
$230.00	$205.00	Jul 17	$3.35	$1.33	$4.68	$200.32	$234.68
$227.50	$200.00	Jul 17	$4.10	$0.75	$4.85	$195.15	$232.35
$232.50	$210.00	Jul 17	$2.73	$2.41	$5.14	$204.86	$237.64
$227.50	$205.00	Jul 17	$4.10	$1.33	$5.43	$199.57	$232.93
$230.00	$210.00	Jul 17	$3.35	$2.41	$5.76	$204.24	$235.76
$225.00	$200.00	Jul 17	$5.07	$0.75	$5.82	$194.18	$230.82
$225.00	$205.00	Jul 17	$5.07	$1.33	$6.40	$198.60	$231.40

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 350 found (best R:R 32.33, avg credit $3.54)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
200/205	210/215	Aug 7	$4.85	$0.15	32.33	$200.15	$214.85
185/190	195/200	Aug 21	$4.81	$0.19	25.32	$185.19	$199.81
195/200	210/215	Aug 21	$4.80	$0.20	24.00	$195.20	$214.80
180/185	190/195	Aug 21	$4.78	$0.22	21.73	$180.22	$194.78
205/210	215/220	Jul 31	$4.77	$0.23	20.74	$205.23	$219.77
225/230	245/250	Aug 28	$4.76	$0.24	19.83	$225.24	$249.76
195/200	210/215	Aug 28	$4.73	$0.27	17.52	$195.27	$214.73
220/225	230/235	Aug 7	$4.70	$0.30	15.67	$220.30	$234.70
185/190	200/205	Aug 14	$4.70	$0.30	15.67	$185.30	$204.70
205/210	215/220	Aug 14	$4.70	$0.30	15.67	$205.30	$219.70

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 154 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$220.00	$225.00	$230.00	Aug 7	$0.05	$4.95	99.00
$210.00	$215.00	$220.00	Jul 17	$0.07	$4.93	70.43
$255.00	$260.00	$265.00	Jul 31	$0.08	$4.92	61.50
$230.00	$235.00	$240.00	Aug 14	$0.08	$4.92	61.50
$200.00	$205.00	$210.00	Jul 17	$0.10	$4.90	49.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$215.00	$220.00	$225.00	Aug 21	$0.06	$4.94	82.33
$190.00	$195.00	$200.00	Aug 28	$0.06	$4.94	82.33
$200.00	$205.00	$210.00	Aug 14	$0.07	$4.93	70.43
$245.00	$250.00	$255.00	Jul 31	$0.08	$4.92	61.50
$180.00	$185.00	$190.00	Aug 28	$0.08	$4.92	61.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 74 found (best net $-3.00, 74 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$250.00	$260.00	1:2	Aug 14	-$3.00	$7.00
$260.00	$265.00	1:2	Jul 31	-$1.90	$3.10
$255.00	$260.00	1:2	Jul 31	-$2.47	$2.53
$260.00	$265.00	1:2	Aug 7	-$2.55	$2.45
$260.00	$262.50	1:2	Jul 17	-$0.08	$2.42

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$195.00	$190.00	1:2	Jul 17	-$0.01	$4.99
$190.00	$185.00	1:2	Jul 17	-$0.03	$4.97
$185.00	$180.00	1:2	Jul 17	-$0.04	$4.96
$200.00	$195.00	1:2	Jul 17	-$0.07	$4.93
$205.00	$200.00	1:2	Jul 17	-$0.17	$4.83

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 74 found (best yield 6.72%, avg 2.64%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$225.00	Aug 28	$14.85	0.49	1.8%	6.72%	8.50%	90	--
$225.00	Aug 21	$14.30	0.49	1.8%	6.47%	8.25%	256	52
$225.00	Aug 14	$13.50	0.49	1.8%	6.11%	7.88%	64	--
$225.00	Aug 7	$12.80	0.50	1.8%	5.79%	7.57%	65	1
$230.00	Aug 28	$12.70	0.45	4.0%	5.74%	9.78%	19	--
$230.00	Aug 21	$12.10	0.45	4.0%	5.47%	9.51%	1.3K	552
$225.00	Jul 31	$11.80	0.49	1.8%	5.34%	7.12%	73	14
$230.00	Aug 14	$10.95	0.44	4.0%	4.95%	8.99%	9	--
$235.00	Aug 28	$10.80	0.41	6.3%	4.89%	11.19%	5	--
$230.00	Aug 7	$10.45	0.45	4.0%	4.73%	8.77%	48	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 52,282

Total Puts 54,491

Put/Call Ratio 1.04

Net Difference -2,209

Prior's Put/Call Breakdown

Total Calls 15,973

Total Puts 2,341

Put/Call Ratio 0.15

Net Difference 13,632

Prior 7-Day Put/Call Summary

Total Calls 220,895

Total Puts 134,127

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

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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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