IBM - Options Database

IBM

IBM CORP

$250.68 +3.04%

(9/14 12:00) ◀

Monday, September 14, 2026 (1:00pm)

▶ (9/14 14:00)

◀ 9/14 13:00 ▶

Option Volume

Detail

ℹ

Current (09/14 1:00pm) 73,704

Calls: 59,649 (81%)

Puts: 14,055 (19%)

Prior (08/03) 43,637

Calls: 34,862 (80%)

Puts: 8,775 (20%)

Current vs Prior +68.90%

Calls: +71.10% (Calls)

Puts: +60.17% (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 -31.59%

Calls: -15.83%

Puts: -61.88%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/14 1:00pm) $62.12M

Calls: $39.95M (64%)

Puts: $22.17M (36%)

Prior (08/03) $35.93M

Calls: $21.92M (61%)

Puts: $14.01M (39%)

Current vs Prior +72.87%

Calls: +82.22%

Puts: +58.26%

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 -21.00%

Calls: -3.67%

Puts: -40.34%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/14 1:00pm) 0.24

Prior (08/03) 0.25

Current vs Prior -6.39%

Prior 7-Day Average 0.38

Current vs Prior 7-Day Avg -37.88%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/14 1:00pm) 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 3.90% | 5.47%3.90% | 9.11%

Prior 4.45% | 6.52%7.94% | 13.13%

Current vs Prior -12.41% | -16.15%-50.89% | -30.63%

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

Current vs 7-Day Avg -26.32% | -29.58%-59.99% | -39.74%

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

Current vs 7-Day Eod -12.41% | -16.15%-11.71% | -4.21%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 8.63% | 9.36%

Calls: 7.56% | 5.28%

Puts: 9.71% | 13.44%

Prior 5.52% | 7.21%

Calls: 3.04% | 4.48%

Puts: 7.99% | 9.94%

Current vs Prior +56.34% | +29.82%

Prior 7-Day Avg 13.50% | 14.21%

Calls: 10.99% | 11.02%

Puts: 16.02% | 17.40%

Current vs 7-Day Avg -36.09% | -34.15%

Liquidity Expensive

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Moderately bullish flow with 64% call dollar volume ($39.95M). Elevated premium activity with dollar volume up 73% vs prior. Above-average activity with volume up 69% vs prior. Extreme bullish P/C ratio of 0.24 - heavy call buying (59,649 calls vs 14,055 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
13:00	BULLISH	BULLISH	BULLISH
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 7.1%, best 2.9%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$220.00	Oct 16	32.55	33.50	$33.03	2.9%	12	0.91	525
$260.00	Sep 18	1.26	1.30	$1.28	3.1%	4.4K	0.21	5.3K
$240.00	Oct 16	16.50	17.15	$16.83	3.9%	452	0.69	3.3K
$225.00	Oct 16	27.90	29.00	$28.45	3.9%	52	0.87	2.6K
$245.00	Oct 16	13.45	14.00	$13.73	4.0%	212	0.61	935

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$255.00	Oct 16	11.70	12.25	$11.98	4.6%	5	0.54	470
$300.00	Sep 18	48.45	50.80	$49.63	4.7%	--	1.00	80
$240.00	Oct 16	5.05	5.30	$5.18	4.8%	58	0.31	777
$250.00	Oct 16	9.00	9.45	$9.23	4.9%	11	0.47	347
$295.00	Oct 16	43.70	46.20	$44.95	5.6%	1	0.90	9

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 10 found (avg $0.59, cheapest $0.20)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$275.00	Sep 18	0.18	0.21	$0.20	15.0%	550	0.04	856
$270.00	Sep 18	0.32	0.37	$0.35	14.3%	1.6K	0.07	5.1K
$280.00	Sep 18	0.12	0.13	$0.13	7.7%	771	0.02	5.1K
$265.00	Sep 18	0.60	0.73	$0.67	19.4%	900	0.12	1.8K
$262.50	Sep 18	0.86	1.00	$0.93	15.1%	165	0.16	--

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$210.00	Oct 16	0.54	0.64	$0.59	16.9%	226	0.05	2.3K
$215.00	Oct 16	0.75	0.91	$0.83	19.3%	216	0.07	2.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 89 found (avg delta 0.80, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$210.00	Sep 18	39.25	42.15	$40.70	7.1%	79	1.00	707
$212.50	Sep 18	36.80	39.30	$38.05	6.6%	2	0.99	--
$205.00	Sep 18	44.75	47.40	$46.08	5.8%	5	0.99	311
$215.00	Sep 18	34.35	36.90	$35.63	7.2%	2	0.99	631
$207.50	Sep 18	41.85	44.65	$43.25	6.5%	2	0.99	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$280.00	Sep 18	28.50	30.95	$29.73	8.2%	--	1.00	48
$290.00	Sep 18	38.40	40.80	$39.60	6.1%	--	1.00	51
$300.00	Sep 18	48.45	50.80	$49.63	4.7%	--	1.00	80
$300.00	Oct 2	47.95	51.30	$49.63	6.7%	2	1.00	2
$275.00	Sep 18	23.45	25.95	$24.70	10.1%	--	0.94	69

Most actively traded options today. High liquidity = easy entry/exit. 222 active (total vol 57.2K, top 11.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$250.00	Sep 18	4.45	4.80	$4.63	7.6%	11.1K	0.54	9.9K
$260.00	Sep 18	1.26	1.30	$1.28	3.1%	4.4K	0.21	5.3K
$255.00	Sep 18	2.45	2.59	$2.52	5.6%	4.1K	0.35	3.3K
$245.00	Sep 18	7.45	8.05	$7.75	7.7%	3.5K	0.72	3.1K
$275.00	Oct 16	2.89	3.15	$3.02	8.6%	2.6K	0.21	3.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Sep 18	0.72	0.94	$0.83	26.5%	1.1K	0.15	2.4K
$245.00	Sep 18	1.72	2.00	$1.86	15.1%	594	0.28	225
$232.50	Sep 18	0.12	0.31	$0.22	86.4%	522	0.04	549
$225.00	Oct 16	1.62	1.88	$1.75	14.9%	521	0.13	905
$242.50	Sep 18	1.15	1.39	$1.27	18.9%	480	0.21	182

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 7 strikes (avg 13.5%, max 14.2%)

CALLS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$247.50	Sep 18	Oct 2	39.3%	34.4%	14.2%	719	1.3K
$252.50	Sep 18	Oct 2	40.5%	35.7%	13.5%	1.4K	1.2K
$242.50	Sep 18	Oct 2	39.7%	35.0%	13.4%	362	1.2K
$257.50	Sep 18	Oct 2	40.7%	35.9%	13.2%	490	611

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$247.50	Sep 18	Oct 2	39.3%	34.4%	14.2%	51	16
$242.50	Sep 18	Oct 2	39.7%	35.0%	13.4%	481	182
$255.00	Sep 18	Oct 16	40.3%	35.8%	12.4%	31	591

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 140 found (best R:R 0.68, avg 6.19)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$227.50	$230.00	Sep 18	$1.49	$1.01	$1.49	97%	0.68	$228.99
$245.00	$250.00	Oct 23	$2.00	$3.00	$2.00	60%	1.50	$247.00
$235.00	$237.50	Oct 2	$1.32	$1.18	$1.32	81%	0.89	$236.32
$265.00	$270.00	Oct 23	$1.30	$3.70	$1.30	39%	2.85	$266.30
$230.00	$235.00	Oct 23	$3.22	$1.78	$3.22	75%	0.55	$233.22

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$265.00	$260.00	Oct 16	$3.07	$1.93	$3.07	68%	0.63	$261.93
$225.00	$220.00	Oct 23	$0.74	$4.26	$0.74	21%	5.76	$224.26
$245.00	$242.50	Oct 2	$0.68	$1.82	$0.68	36%	2.68	$244.32
$235.00	$232.50	Oct 2	$0.31	$2.19	$0.31	19%	7.06	$234.69
$250.00	$247.50	Sep 25	$0.97	$1.53	$0.97	47%	1.58	$249.03

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 109 found (best R:R 0.82, avg 0.29)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$290.00	$295.00	Oct 9	$0.34	$0.34	$4.66	92%	0.07	$290.34
$262.50	$265.00	Oct 2	$0.70	$0.70	$1.80	70%	0.39	$263.20
$280.00	$285.00	Sep 25	$0.20	$0.20	$4.80	94%	0.04	$280.20
$257.50	$260.00	Oct 2	$0.90	$0.90	$1.60	61%	0.56	$258.40
$252.50	$255.00	Sep 18	$0.98	$0.98	$1.52	56%	0.64	$253.48

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$245.00	$240.00	Oct 23	$2.25	$2.25	$2.75	60%	0.82	$242.75
$220.00	$215.00	Oct 23	$1.08	$1.08	$3.92	82%	0.28	$218.92
$240.00	$235.00	Oct 23	$1.92	$1.92	$3.08	65%	0.62	$238.08
$230.00	$225.00	Oct 23	$1.38	$1.38	$3.62	75%	0.38	$228.62
$235.00	$230.00	Oct 9	$1.06	$1.06	$3.94	78%	0.27	$233.94

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $1.91, cheapest $1.82)

CALLS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$250.00	Sep 18	Sep 25	$2.00	38.9%	34.2%
$252.50	Sep 18	Sep 25	$1.98	40.5%	36.1%
$255.00	Sep 18	Sep 25	$1.91	40.3%	36.0%
$247.50	Sep 18	Sep 25	$2.03	39.3%	35.2%

PUTS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$250.00	Sep 18	Sep 25	$1.82	38.9%	34.2%
$252.50	Sep 18	Sep 25	$1.92	40.5%	36.1%
$255.00	Sep 18	Sep 25	$1.70	40.3%	36.0%
$247.50	Sep 18	Sep 25	$1.89	39.3%	35.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 59 found (cheapest 3.35% of stock, avg 7.73%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$250.00	Sep 18	$4.63	$3.78	$8.41	$241.59	$258.41	3.35%
$252.50	Sep 18	$3.50	$5.15	$8.65	$243.85	$261.15	3.45%
$247.50	Sep 18	$6.15	$2.74	$8.89	$238.61	$256.39	3.55%
$255.00	Sep 18	$2.52	$6.80	$9.32	$245.68	$264.32	3.72%
$245.00	Sep 18	$7.75	$1.86	$9.61	$235.39	$254.61	3.83%
$242.50	Sep 18	$9.75	$1.27	$11.02	$231.48	$253.52	4.40%
$260.00	Sep 18	$1.28	$10.55	$11.83	$248.17	$271.83	4.72%
$250.00	Sep 25	$6.63	$5.60	$12.23	$237.77	$262.23	4.88%
$240.00	Sep 18	$11.68	$0.83	$12.51	$227.49	$252.51	4.99%
$252.50	Sep 25	$5.48	$7.07	$12.55	$239.95	$265.05	5.01%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.70% of stock, avg 4.09%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$262.50	$240.00	Sep 18	$0.93	$0.83	$1.76	$238.24	$264.26
$260.00	$240.00	Sep 18	$1.28	$0.83	$2.11	$237.89	$262.11
$262.50	$242.50	Sep 18	$0.93	$1.27	$2.20	$240.30	$264.70
$260.00	$242.50	Sep 18	$1.28	$1.27	$2.55	$239.95	$262.55
$257.50	$240.00	Sep 18	$1.81	$0.83	$2.64	$237.36	$260.14
$262.50	$245.00	Sep 18	$0.93	$1.86	$2.79	$242.21	$265.29
$257.50	$242.50	Sep 18	$1.81	$1.27	$3.08	$239.42	$260.58
$260.00	$245.00	Sep 18	$1.28	$1.86	$3.14	$241.86	$263.14
$257.50	$245.00	Sep 18	$1.81	$1.86	$3.67	$241.33	$261.17
$275.00	$230.00	Oct 9	$2.16	$1.97	$4.13	$225.87	$279.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 274 found (best R:R 1.84, avg credit $1.11)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
240/242	262/265	Oct 2	$1.62	$0.88	38%	1.84	$240.88	$264.12
215/220	290/295	Oct 9	$0.75	$4.25	84%	0.18	$219.25	$290.75
215/220	275/280	Oct 23	$2.33	$2.67	52%	0.87	$217.67	$277.33
215/220	270/275	Oct 23	$2.55	$2.45	48%	1.04	$217.45	$272.55
215/220	285/290	Oct 23	$1.94	$3.06	60%	0.63	$218.06	$286.94
220/222	262/265	Oct 2	$0.87	$1.63	62%	0.53	$221.63	$263.37
230/232	262/265	Oct 2	$1.09	$1.41	54%	0.77	$231.41	$263.59
242/245	260/262	Sep 25	$1.49	$1.01	37%	1.48	$243.51	$261.49
230/235	290/295	Oct 9	$1.40	$3.60	70%	0.39	$233.60	$291.40
220/222	260/262	Sep 25	$0.75	$1.75	66%	0.43	$221.75	$260.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 137 found (best R:R 37.46, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$235.00	$240.00	$245.00	Oct 9	$0.13	$4.87	15%	37.46
$240.00	$245.00	$250.00	Oct 16	$0.22	$4.78	16%	21.73
$255.00	$260.00	$265.00	Oct 23	$0.07	$4.93	10%	70.43
$250.00	$255.00	$260.00	Oct 16	$0.22	$4.78	14%	21.73
$245.00	$247.50	$250.00	Sep 18	$0.08	$2.42	18%	30.25

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$240.00	$245.00	$250.00	Oct 23	$0.10	$4.90	11%	49.00
$245.00	$247.50	$250.00	Sep 18	$0.16	$2.34	18%	14.63
$225.00	$230.00	$235.00	Oct 16	$0.24	$4.76	11%	19.83
$235.00	$237.50	$240.00	Sep 25	$0.06	$2.44	8%	40.67
$235.00	$240.00	$245.00	Oct 16	$0.35	$4.65	15%	13.29

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 128 found (best net $-6.90, 126 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$205.00	$230.00	1:2	Oct 23	-$6.90	$18.10
$265.00	$270.00	1:2	Sep 18	-$0.03	$4.97
$270.00	$275.00	1:2	Sep 25	-$0.28	$4.72
$270.00	$275.00	1:2	Sep 18	-$0.05	$4.95
$280.00	$285.00	1:2	Sep 25	-$0.05	$4.95

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$260.00	$255.00	1:2	Sep 18	-$3.05	$1.95
$220.00	$215.00	1:2	Oct 9	-$0.14	$4.86
$230.00	$225.00	1:2	Oct 2	-$0.35	$4.65
$240.00	$235.00	1:2	Oct 2	-$0.96	$4.04
$215.00	$210.00	1:2	Sep 25	-$0.02	$4.98

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 55 found (best yield 5.19%, avg 1.35%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$255.00	Oct 23	$13.00	0.49	1.7%	5.19%	6.91%	21	23
$260.00	Oct 23	$10.90	0.44	3.7%	4.35%	8.07%	27	114
$270.00	Oct 23	$7.65	0.34	7.7%	3.05%	10.76%	10	79
$265.00	Oct 23	$8.55	0.39	5.7%	3.41%	9.12%	3	65
$275.00	Oct 23	$5.90	0.30	9.7%	2.35%	12.06%	10	58
$280.00	Oct 23	$4.80	0.26	11.7%	1.91%	13.61%	8	142
$285.00	Oct 23	$4.00	0.23	13.7%	1.60%	15.29%	4	28
$290.00	Oct 23	$3.10	0.19	15.7%	1.24%	16.92%	3	11
$255.00	Oct 16	$8.45	0.46	1.7%	3.37%	5.09%	217	2.6K
$260.00	Oct 16	$6.65	0.39	3.7%	2.65%	6.37%	1.0K	4.7K

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 59,649

Total Puts 14,055

Put/Call Ratio 0.24

Net Difference 45,594

Prior's Put/Call Breakdown

Total Calls 34,862

Total Puts 8,775

Put/Call Ratio 0.25

Net Difference 26,087

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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