IBM - Options Database

IBM

IBM CORP

$249.17 +2.42%

(9/14 11:00) ◀

Monday, September 14, 2026 (12:00pm)

▶ (9/14 13:00)

◀ 9/14 12:00 ▶

Option Volume

Detail

ℹ

Current (09/14 12:00pm) 54,957

Calls: 45,695 (83%)

Puts: 9,262 (17%)

Prior (08/03) 37,283

Calls: 30,772 (83%)

Puts: 6,511 (17%)

Current vs Prior +47.40%

Calls: +48.50% (Calls)

Puts: +42.25% (Puts)

Prior 7-Day Total 754,164

Calls: 496,076 (66%)

Puts: 258,088 (34%)

Prior 7-Day Average 107,737

Calls: 70,868 (66%)

Puts: 36,869 (34%)

Current vs Prior 7-Day Avg -48.99%

Calls: -35.52%

Puts: -74.88%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/14 12:00pm) $38.78M

Calls: $27.21M (70%)

Puts: $11.57M (30%)

Prior (08/03) $28.18M

Calls: $18.49M (66%)

Puts: $9.69M (34%)

Current vs Prior +37.61%

Calls: +47.15%

Puts: +19.42%

Prior 7-Day Total $550.40M

Calls: $290.27M (53%)

Puts: $260.13M (47%)

Prior 7-Day Average $78.63M

Calls: $41.47M (53%)

Puts: $37.16M (47%)

Current vs Prior 7-Day Avg -50.68%

Calls: -34.39%

Puts: -68.86%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/14 12:00pm) 0.20

Prior (08/03) 0.21

Current vs Prior -4.20%

Prior 7-Day Average 0.38

Current vs Prior 7-Day Avg -46.55%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/14 12:00pm) 657,248

Calls: 374,902 (57%)

Puts: 282,346 (43%)

Prior (08/03) 726,431

Calls: 414,302 (57%)

Puts: 312,129 (43%)

Current vs Prior -9.52%

Prior 7-Day Total 4,686,357

Calls: 2,720,907 (58%)

Puts: 1,965,450 (42%)

Prior 7-Day Average 669,479

Calls: 388,701 (58%)

Puts: 280,778 (42%)

Current vs Prior 7-Day Avg -1.83%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (09/18) | Next (09/25)Expiry (09/18) | Next (10/16)

Current 3.86% | 5.54%3.86% | 9.27%

Prior 4.45% | 6.52%7.94% | 13.13%

Current vs Prior -13.23% | -14.96%-51.35% | -29.35%

Prior 7-Day Avg 5.30% | 7.76%9.75% | 15.11%

Current vs 7-Day Avg -27.01% | -28.58%-60.36% | -38.63%

Prior 7-Day Eod 4.45% | 6.52%4.42% | 9.51%

Current vs 7-Day Eod -13.23% | -14.96%-12.53% | -2.44%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 5.75% | 10.32%

Calls: 4.92% | 4.91%

Puts: 6.59% | 15.72%

Prior 5.52% | 7.21%

Calls: 3.04% | 4.48%

Puts: 7.99% | 9.94%

Current vs Prior +4.17% | +43.13%

Prior 7-Day Avg 13.50% | 14.21%

Calls: 10.99% | 11.02%

Puts: 16.02% | 17.40%

Current vs 7-Day Avg -57.42% | -27.40%

Liquidity Pricy

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Moderately bullish flow with 70% call dollar volume ($27.21M). Extreme bullish P/C ratio of 0.20 - heavy call buying (45,695 calls vs 9,262 puts).

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

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
12:00	BULLISH	BULLISH	BULLISH
11:00	BULLISH	BULLISH	BULLISH
10:35	BULLISH	BULLISH	BULLISH
10:30	BULLISH	BULLISH	BULLISH
10:25	BULLISH	BULLISH	BULLISH
10:20	BULLISH	BULLISH	BULLISH
10:15	BULLISH	BULLISH	BULLISH
10:10	BULLISH	BULLISH	BULLISH
10:05	BULLISH	BULLISH	BULLISH
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	BULLISH	BULLISH	BULLISH

📈 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 90 of results (avg 6.3%, best 1.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Sep 18	49.00	49.60	$49.30	1.2%	22	1.00	289
$255.00	Sep 18	1.97	2.00	$1.99	1.5%	3.0K	0.30	3.3K
$230.00	Oct 16	22.65	23.30	$22.98	2.8%	39	0.80	2.0K
$260.00	Sep 18	0.99	1.02	$1.00	3.0%	2.7K	0.17	5.3K
$225.00	Oct 16	26.70	27.55	$27.13	3.1%	36	0.85	2.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$285.00	Oct 16	36.25	37.10	$36.67	2.3%	1	0.88	54
$245.00	Oct 16	7.65	7.90	$7.78	3.2%	27	0.41	288
$250.00	Oct 2	7.60	8.05	$7.83	5.7%	3	0.50	16
$260.00	Oct 16	15.60	16.55	$16.08	5.9%	2	0.64	173
$290.00	Sep 18	40.30	42.85	$41.58	6.1%	--	1.00	51

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 8 found (avg $0.61, cheapest $0.26)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$270.00	Sep 18	0.25	0.27	$0.26	7.7%	1.1K	0.05	5.1K
$265.00	Sep 18	0.46	0.52	$0.49	12.2%	736	0.09	1.8K
$262.50	Sep 18	0.66	0.75	$0.71	12.7%	99	0.13	--
$285.00	Sep 25	0.20	0.24	$0.22	18.2%	43	0.03	58
$275.00	Sep 25	0.53	0.60	$0.56	12.5%	27	0.08	107

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$215.00	Oct 16	0.85	0.99	$0.92	15.2%	88	0.07	2.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 84 found (avg delta 0.79, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 16	48.25	50.95	$49.60	5.4%	4	1.00	168
$200.00	Sep 18	49.00	49.60	$49.30	1.2%	22	1.00	289
$210.00	Sep 18	37.75	40.05	$38.90	5.9%	79	1.00	707
$205.00	Sep 18	42.30	45.00	$43.65	6.2%	3	0.99	311
$212.50	Sep 18	34.85	37.45	$36.15	7.2%	2	0.99	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$275.00	Sep 18	25.15	27.90	$26.53	10.4%	--	1.00	69
$280.00	Sep 18	30.25	32.90	$31.58	8.4%	--	1.00	48
$290.00	Sep 18	40.30	42.85	$41.58	6.1%	--	1.00	51
$270.00	Sep 18	20.20	22.65	$21.42	11.4%	--	0.94	203
$290.00	Oct 16	40.45	43.35	$41.90	6.9%	--	0.91	39

Most actively traded options today. High liquidity = easy entry/exit. 208 active (total vol 44.0K, top 9.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$250.00	Sep 18	3.70	3.90	$3.80	5.3%	9.1K	0.48	9.9K
$245.00	Sep 18	6.45	6.75	$6.60	4.5%	3.4K	0.67	3.1K
$255.00	Sep 18	1.97	2.00	$1.99	1.5%	3.0K	0.30	3.3K
$260.00	Sep 18	0.99	1.02	$1.00	3.0%	2.7K	0.17	5.3K
$275.00	Oct 16	2.55	2.75	$2.65	7.5%	2.5K	0.19	3.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Sep 18	1.00	1.13	$1.07	12.1%	618	0.18	2.4K
$232.50	Sep 18	0.29	0.41	$0.35	34.3%	495	0.07	549
$225.00	Oct 16	1.82	2.15	$1.99	16.6%	483	0.15	905
$245.00	Sep 18	2.23	2.40	$2.32	7.3%	436	0.33	225
$225.00	Sep 18	0.11	0.17	$0.14	42.9%	415	0.03	1.8K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 8 strikes (avg 11.4%, max 17.3%)

CALLS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$257.50	Sep 18	Oct 2	40.6%	35.3%	15.1%	311	611
$252.50	Sep 18	Oct 2	39.5%	35.8%	10.4%	889	1.2K
$242.50	Sep 18	Oct 2	39.3%	35.7%	10.0%	306	1.2K
$247.50	Sep 18	Oct 2	38.5%	35.6%	8.2%	623	1.3K

PUTS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$260.00	Sep 18	Oct 16	41.5%	35.4%	17.3%	39	945
$255.00	Sep 18	Oct 16	40.2%	35.9%	11.8%	20	591
$242.50	Sep 18	Oct 2	39.3%	35.7%	10.0%	384	182
$247.50	Sep 18	Oct 2	38.5%	35.6%	8.2%	28	16

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 138 found (best R:R 1.78, avg 7.10)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$245.00	$250.00	Oct 23	$1.80	$3.20	$1.80	57%	1.78	$246.80
$230.00	$235.00	Oct 23	$2.67	$2.33	$2.67	72%	0.87	$232.67
$255.00	$260.00	Oct 23	$1.55	$3.45	$1.55	46%	2.23	$256.55
$240.00	$245.00	Oct 9	$2.68	$2.32	$2.68	68%	0.87	$242.68
$232.50	$235.00	Oct 2	$1.56	$0.94	$1.56	81%	0.60	$234.06

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$270.00	$265.00	Oct 16	$3.28	$1.72	$3.28	76%	0.52	$266.72
$250.00	$247.50	Oct 2	$0.80	$1.70	$0.80	50%	2.13	$249.20
$260.00	$255.00	Oct 16	$2.70	$2.30	$2.70	64%	0.85	$257.30
$245.00	$242.50	Oct 2	$0.67	$1.83	$0.67	40%	2.73	$244.33
$245.00	$240.00	Oct 23	$1.80	$3.20	$1.80	43%	1.78	$243.20

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 110 found (best R:R 0.21, avg 0.30)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$250.00	$255.00	Oct 23	$2.75	$2.75	$2.25	48%	1.22	$252.75
$260.00	$265.00	Oct 23	$2.20	$2.20	$2.80	58%	0.79	$262.20
$290.00	$295.00	Oct 9	$0.36	$0.36	$4.64	93%	0.08	$290.36
$260.00	$262.50	Sep 25	$0.58	$0.58	$1.92	74%	0.30	$260.58
$280.00	$285.00	Oct 2	$0.33	$0.33	$4.67	91%	0.07	$280.33

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$205.00	$200.00	Oct 9	$0.87	$0.87	$4.13	94%	0.21	$204.13
$220.00	$215.00	Oct 23	$1.20	$1.20	$3.80	81%	0.32	$218.80
$247.50	$245.00	Oct 2	$1.46	$1.46	$1.04	55%	1.40	$246.04
$242.50	$240.00	Oct 2	$1.12	$1.12	$1.38	65%	0.81	$241.38
$240.00	$235.00	Oct 23	$2.03	$2.03	$2.97	62%	0.68	$237.97

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 10 found (avg debit $1.91, cheapest $2.05)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$247.50	Sep 18	Sep 25	$2.05	38.5%	34.8%
$245.00	Sep 18	Sep 25	$1.83	38.7%	35.0%
$255.00	Sep 18	Sep 25	$1.84	40.2%	36.7%
$252.50	Sep 18	Sep 25	$1.92	39.5%	36.3%
$250.00	Sep 18	Sep 25	$1.98	39.3%	36.5%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$247.50	Sep 18	Sep 25	$2.10	38.5%	34.8%
$245.00	Sep 18	Sep 25	$2.01	38.7%	35.1%
$255.00	Sep 18	Sep 25	$1.55	40.2%	36.7%
$252.50	Sep 18	Sep 25	$1.73	39.5%	36.3%
$250.00	Sep 18	Sep 25	$2.13	39.2%	36.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 58 found (cheapest 3.35% of stock, avg 7.68%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$250.00	Sep 18	$3.80	$4.55	$8.35	$241.65	$258.35	3.35%
$247.50	Sep 18	$5.08	$3.30	$8.38	$239.12	$255.88	3.36%
$245.00	Sep 18	$6.60	$2.32	$8.92	$236.08	$253.92	3.58%
$252.50	Sep 18	$2.76	$6.25	$9.01	$243.49	$261.51	3.62%
$242.50	Sep 18	$8.32	$1.62	$9.94	$232.56	$252.44	3.99%
$255.00	Sep 18	$1.99	$8.15	$10.14	$244.86	$265.14	4.07%
$240.00	Sep 18	$10.35	$1.07	$11.42	$228.58	$251.42	4.58%
$250.00	Sep 25	$5.78	$6.68	$12.46	$237.54	$262.46	5.00%
$247.50	Sep 25	$7.13	$5.40	$12.53	$234.97	$260.03	5.03%
$252.50	Sep 25	$4.68	$7.98	$12.66	$239.84	$265.16	5.08%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.69% of stock, avg 3.96%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$260.00	$237.50	Sep 18	$1.00	$0.71	$1.71	$235.79	$261.71
$260.00	$240.00	Sep 18	$1.00	$1.07	$2.07	$237.93	$262.07
$257.50	$237.50	Sep 18	$1.43	$0.71	$2.14	$235.36	$259.64
$257.50	$240.00	Sep 18	$1.43	$1.07	$2.50	$237.50	$260.00
$260.00	$242.50	Sep 18	$1.00	$1.62	$2.62	$239.88	$262.62
$257.50	$242.50	Sep 18	$1.43	$1.62	$3.05	$239.45	$260.55
$255.00	$237.50	Sep 18	$1.99	$0.71	$2.70	$234.80	$257.70
$255.00	$240.00	Sep 18	$1.99	$1.07	$3.06	$236.94	$258.06
$275.00	$225.00	Oct 9	$1.85	$1.58	$3.43	$221.57	$278.43
$255.00	$242.50	Sep 18	$1.99	$1.62	$3.61	$238.89	$258.61

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 259 found (best R:R 0.33, avg credit $1.14)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
200/205	290/295	Oct 9	$1.23	$3.77	86%	0.33	$203.77	$291.23
200/205	275/280	Oct 9	$1.40	$3.60	78%	0.39	$203.60	$276.40
200/205	285/290	Oct 9	$1.07	$3.93	84%	0.27	$203.93	$286.07
200/205	280/285	Oct 9	$1.20	$3.80	82%	0.32	$203.80	$281.20
200/205	270/275	Oct 9	$1.61	$3.39	73%	0.47	$203.39	$271.61
200/205	260/265	Oct 9	$2.22	$2.78	60%	0.80	$202.78	$262.22
200/205	265/270	Oct 9	$1.83	$3.17	67%	0.58	$203.17	$266.83
215/220	275/280	Oct 23	$2.35	$2.65	53%	0.89	$217.65	$277.35
215/220	285/290	Oct 23	$1.97	$3.03	60%	0.65	$218.03	$286.97
222/225	260/262	Sep 25	$0.76	$1.74	67%	0.44	$224.24	$260.76

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 131 found (best R:R 34.71, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$240.00	$245.00	$250.00	Oct 9	$0.14	$4.86	18%	34.71
$240.00	$245.00	$250.00	Oct 16	$0.19	$4.81	16%	25.32
$245.00	$250.00	$255.00	Oct 9	$0.24	$4.76	17%	19.83
$235.00	$240.00	$245.00	Oct 23	$0.13	$4.87	10%	37.46
$265.00	$270.00	$275.00	Oct 23	$0.10	$4.90	9%	49.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$225.00	$230.00	$235.00	Oct 2	$0.06	$4.94	11%	82.33
$215.00	$220.00	$225.00	Oct 23	$0.07	$4.93	8%	70.43
$215.00	$220.00	$225.00	Oct 16	$0.11	$4.89	7%	44.45
$230.00	$235.00	$240.00	Oct 16	$0.29	$4.71	14%	16.24
$270.00	$275.00	$280.00	Oct 16	$0.16	$4.84	9%	30.25

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 121 found (best net $-5.50, 118 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$205.00	$230.00	1:2	Oct 23	-$5.50	$19.50
$265.00	$270.00	1:2	Sep 18	-$0.03	$4.97
$270.00	$275.00	1:2	Sep 25	-$0.21	$4.79
$290.00	$295.00	1:2	Oct 9	-$0.07	$4.93
$270.00	$275.00	1:2	Sep 18	-$0.02	$4.98

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$255.00	$245.00	1:2	Oct 9	-$0.79	$9.21
$230.00	$225.00	1:2	Oct 2	-$0.32	$4.68
$220.00	$215.00	1:2	Oct 2	-$0.17	$4.83
$230.00	$227.50	1:2	Sep 18	-$0.05	$2.45
$222.50	$220.00	1:2	Sep 18	-$0.02	$2.48

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 57 found (best yield 5.88%, avg 1.47%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$250.00	Oct 23	$14.65	0.52	0.3%	5.88%	6.21%	40	49
$260.00	Oct 23	$10.35	0.42	4.3%	4.15%	8.50%	18	114
$255.00	Oct 23	$11.50	0.47	2.3%	4.62%	6.96%	18	23
$265.00	Oct 23	$7.85	0.36	6.3%	3.15%	9.50%	3	65
$270.00	Oct 23	$6.50	0.32	8.4%	2.61%	10.97%	9	79
$275.00	Oct 23	$5.50	0.28	10.4%	2.21%	12.57%	7	58
$280.00	Oct 23	$4.25	0.24	12.4%	1.71%	14.08%	4	142
$285.00	Oct 23	$3.65	0.21	14.4%	1.46%	15.84%	2	28
$250.00	Oct 16	$10.00	0.51	0.3%	4.01%	4.35%	1.6K	3.4K
$255.00	Oct 16	$7.80	0.43	2.3%	3.13%	5.47%	95	2.6K

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

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 45,695

Total Puts 9,262

Put/Call Ratio 0.20

Net Difference 36,433

Prior's Put/Call Breakdown

Total Calls 30,772

Total Puts 6,511

Put/Call Ratio 0.21

Net Difference 24,261

Prior 7-Day Put/Call Summary

Total Calls 496,076

Total Puts 258,088

Average Put/Call Ratio 0.38

Ratio Trend Falling

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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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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