IBM - Options Database

IBM

IBM CORP

$240.33 -3.24%

(9/15 18:41) ◀

Wednesday, September 16, 2026 (1:00pm)

▶ (9/16 15:00)

◀ 9/16 13:00 ▶

Option Volume

Detail

ℹ

Current (09/16 1:00pm) 30,875

Calls: 23,410 (76%)

Puts: 7,465 (24%)

Prior (09/14) 73,704

Calls: 59,649 (81%)

Puts: 14,055 (19%)

Current vs Prior -58.11%

Calls: -60.75% (Calls)

Puts: -46.89% (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 -71.34%

Calls: -66.97%

Puts: -79.75%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/16 1:00pm) $15.90M

Calls: $11.19M (70%)

Puts: $4.71M (30%)

Prior (09/14) $62.12M

Calls: $39.95M (64%)

Puts: $22.17M (36%)

Current vs Prior -74.40%

Calls: -71.98%

Puts: -78.76%

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 -79.77%

Calls: -73.01%

Puts: -87.32%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/16 1:00pm) 0.32

Prior (09/14) 0.24

Current vs Prior +35.33%

Prior 7-Day Average 0.38

Current vs Prior 7-Day Avg -15.91%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/16 1:00pm) 671,210

Calls: 381,856 (57%)

Puts: 289,354 (43%)

Prior (09/14) 657,248

Calls: 374,902 (57%)

Puts: 282,346 (43%)

Current vs Prior +2.12%

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 +0.26%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 3.06% | 4.93%3.06% | 8.79%

Prior 4.45% | 6.52%7.94% | 13.13%

Current vs Prior -31.34% | -24.35%-61.51% | -33.03%

Prior 7-Day Avg 5.30% | 7.76%8.08% | 13.36%

Current vs 7-Day Avg -42.25% | -36.46%-62.14% | -34.18%

Prior 7-Day Eod 4.45% | 6.52%3.49% | 8.98%

Current vs 7-Day Eod -31.34% | -24.35%-12.49% | -2.12%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 8.25% | 9.93%

Calls: 9.09% | 7.27%

Puts: 7.41% | 12.60%

Prior 5.52% | 7.21%

Calls: 3.04% | 4.48%

Puts: 7.99% | 9.94%

Current vs Prior +49.46% | +37.73%

Prior 7-Day Avg 13.50% | 14.21%

Calls: 10.99% | 11.02%

Puts: 16.02% | 17.40%

Current vs 7-Day Avg -38.91% | -30.14%

Liquidity Expensive

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Moderately bullish flow with 70% call dollar volume ($11.19M). Light premium activity with dollar volume down 74% vs prior. Below-average activity with volume down 58% vs prior. Extreme bullish P/C ratio of 0.32 - heavy call buying (23,410 calls vs 7,465 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
16:00	BULLISH	BULLISH	BULLISH
15:00	BULLISH	BULLISH	BULLISH
14:00	BULLISH	BULLISH	BULLISH
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 121 of results (avg 7.3%, best 3.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 9	40.25	41.55	$40.90	3.2%	8	0.97	--
$195.00	Sep 18	44.45	45.95	$45.20	3.3%	6	0.99	164
$200.00	Oct 2	39.85	41.20	$40.53	3.3%	2	0.98	--
$210.00	Oct 2	30.35	31.45	$30.90	3.6%	--	0.96	23
$235.00	Oct 16	12.40	12.85	$12.63	3.6%	36	0.62	2.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 23	6.85	7.10	$6.98	3.6%	6	0.29	73
$235.00	Oct 16	6.30	6.55	$6.43	3.9%	91	0.38	3.8K
$245.00	Oct 16	11.00	11.45	$11.23	4.0%	52	0.56	354
$237.50	Sep 18	1.68	1.76	$1.72	4.7%	234	0.34	584
$250.00	Oct 16	14.00	14.70	$14.35	4.9%	12	0.64	384

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 12 found (avg $0.52, cheapest $0.12)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$257.50	Sep 18	0.11	0.13	$0.12	16.7%	278	0.04	716
$255.00	Sep 18	0.16	0.18	$0.17	11.8%	2.1K	0.05	4.6K
$252.50	Sep 18	0.26	0.30	$0.28	14.3%	1.3K	0.08	1.1K
$260.00	Sep 18	0.08	0.09	$0.09	11.1%	3.4K	0.02	6.6K
$250.00	Sep 18	0.45	0.50	$0.48	10.4%	1.3K	0.12	4.6K

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$215.00	Oct 2	0.54	0.62	$0.58	13.8%	8	0.07	1.1K
$205.00	Oct 16	0.65	0.74	$0.70	12.9%	47	0.06	2.4K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 96 found (avg delta 0.79, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Sep 18	38.80	41.55	$40.17	6.8%	110	1.00	281
$205.00	Sep 18	34.55	36.60	$35.58	5.8%	6	1.00	309
$207.50	Sep 18	32.15	34.20	$33.17	6.2%	6	1.00	3
$210.00	Sep 18	29.60	32.00	$30.80	7.8%	7	1.00	708
$212.50	Sep 18	26.60	28.85	$27.73	8.1%	6	1.00	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$257.50	Sep 18	16.25	18.55	$17.40	13.2%	1	1.00	2
$260.00	Sep 18	18.10	21.20	$19.65	15.8%	16	1.00	740
$265.00	Sep 18	23.10	25.45	$24.28	9.7%	--	1.00	402
$270.00	Sep 18	28.10	30.80	$29.45	9.2%	--	1.00	203
$275.00	Sep 18	33.00	35.70	$34.35	7.9%	--	1.00	69

Most actively traded options today. High liquidity = easy entry/exit. 236 active (total vol 25.2K, top 3.4K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Sep 18	0.08	0.09	$0.09	11.1%	3.4K	0.02	6.6K
$255.00	Sep 18	0.16	0.18	$0.17	11.8%	2.1K	0.05	4.6K
$252.50	Sep 18	0.26	0.30	$0.28	14.3%	1.3K	0.08	1.1K
$250.00	Sep 18	0.45	0.50	$0.48	10.4%	1.3K	0.12	4.6K
$245.00	Sep 18	1.26	1.36	$1.31	7.6%	1.2K	0.29	2.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$247.50	Sep 18	7.40	8.60	$8.00	15.0%	414	0.82	334
$240.00	Sep 18	2.54	2.75	$2.65	7.9%	386	0.46	3.1K
$250.00	Sep 18	9.55	10.90	$10.23	13.2%	322	0.89	2.3K
$230.00	Sep 18	0.27	0.36	$0.32	28.1%	302	0.09	5.9K
$227.50	Sep 25	0.97	1.23	$1.10	23.6%	293	0.15	342

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 19.6%, max 25.0%)

CALLS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$237.50	Sep 18	Oct 2	41.4%	33.1%	25.0%	43	730
$247.50	Sep 18	Oct 2	41.0%	34.5%	18.8%	367	1.3K
$242.50	Sep 18	Oct 2	40.2%	34.8%	15.5%	623	1.1K

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$237.50	Sep 18	Oct 2	41.4%	33.1%	25.0%	235	588
$247.50	Sep 18	Oct 2	41.0%	34.5%	18.8%	424	369
$242.50	Sep 18	Sep 25	40.2%	35.1%	14.3%	322	1.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 155 found (best R:R 0.60, avg 6.94)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$225.00	$230.00	Oct 9	$3.13	$1.87	$3.13	79%	0.60	$228.13
$260.00	$265.00	Oct 23	$1.05	$3.95	$1.05	33%	3.76	$261.05
$280.00	$285.00	Oct 30	$0.43	$4.57	$0.43	19%	10.63	$280.43
$227.50	$230.00	Oct 2	$1.53	$0.97	$1.53	79%	0.63	$229.03
$232.50	$235.00	Sep 25	$1.39	$1.11	$1.39	74%	0.80	$233.89

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$252.50	$250.00	Oct 2	$1.50	$1.00	$1.50	74%	0.67	$251.00
$250.00	$247.50	Sep 25	$1.60	$0.90	$1.60	75%	0.56	$248.40
$225.00	$222.50	Oct 2	$0.27	$2.23	$0.27	17%	8.26	$224.73
$245.00	$240.00	Oct 2	$2.62	$2.38	$2.62	59%	0.91	$242.38
$210.00	$205.00	Oct 9	$0.18	$4.82	$0.18	6%	26.78	$209.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 122 found (best R:R 0.67, avg 0.28)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$265.00	$270.00	Oct 9	$0.61	$0.61	$4.39	85%	0.14	$265.61
$260.00	$262.50	Oct 2	$0.36	$0.36	$2.14	84%	0.17	$260.36
$245.00	$247.50	Sep 18	$0.54	$0.54	$1.96	71%	0.28	$245.54
$250.00	$252.50	Sep 25	$0.53	$0.53	$1.97	75%	0.27	$250.53
$250.00	$252.50	Sep 18	$0.20	$0.20	$2.30	88%	0.09	$250.20

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$230.00	$225.00	Oct 23	$2.00	$2.00	$3.00	65%	0.67	$228.00
$235.00	$230.00	Oct 30	$2.13	$2.13	$2.87	59%	0.74	$232.87
$235.00	$230.00	Oct 16	$1.90	$1.90	$3.10	62%	0.61	$233.10
$210.00	$205.00	Oct 30	$0.94	$0.94	$4.06	83%	0.23	$209.06
$230.00	$225.00	Oct 30	$1.82	$1.82	$3.18	65%	0.57	$228.18

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.21, cheapest $2.08)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$237.50	Sep 18	Sep 25	$2.15	41.4%	33.9%
$240.00	Sep 18	Sep 25	$2.20	40.0%	33.5%
$242.50	Sep 18	Sep 25	$2.25	40.2%	35.1%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$237.50	Sep 18	Sep 25	$2.08	41.4%	33.9%
$240.00	Sep 18	Sep 25	$2.25	40.0%	33.5%
$242.50	Sep 18	Sep 25	$2.30	40.2%	35.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 70 found (cheapest 2.48% of stock, avg 7.30%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$240.00	Sep 18	$3.30	$2.65	$5.95	$234.05	$245.95	2.48%
$242.50	Sep 18	$2.10	$4.05	$6.15	$236.35	$248.65	2.56%
$237.50	Sep 18	$4.78	$1.72	$6.50	$231.00	$244.00	2.70%
$245.00	Sep 18	$1.31	$5.85	$7.16	$237.84	$252.16	2.98%
$235.00	Sep 18	$6.57	$0.99	$7.56	$227.44	$242.56	3.15%
$247.50	Sep 18	$0.77	$8.00	$8.77	$238.73	$256.27	3.65%
$232.50	Sep 18	$8.45	$0.57	$9.02	$223.48	$241.52	3.75%
$240.00	Sep 25	$5.50	$4.90	$10.40	$229.60	$250.40	4.33%
$242.50	Sep 25	$4.35	$6.35	$10.70	$231.80	$253.20	4.45%
$250.00	Sep 18	$0.48	$10.23	$10.71	$239.29	$260.71	4.46%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.25% of stock, avg 4.22%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$252.50	$230.00	Sep 18	$0.28	$0.32	$0.60	$229.40	$253.10
$250.00	$230.00	Sep 18	$0.48	$0.32	$0.80	$229.20	$250.80
$252.50	$232.50	Sep 18	$0.28	$0.57	$0.85	$231.65	$253.35
$250.00	$232.50	Sep 18	$0.48	$0.57	$1.05	$231.45	$251.05
$247.50	$230.00	Sep 18	$0.77	$0.32	$1.09	$228.91	$248.59
$247.50	$232.50	Sep 18	$0.77	$0.57	$1.34	$231.16	$248.84
$252.50	$235.00	Sep 18	$0.28	$0.99	$1.27	$233.73	$253.77
$250.00	$235.00	Sep 18	$0.48	$0.99	$1.47	$233.53	$251.47
$247.50	$235.00	Sep 18	$0.77	$0.99	$1.76	$233.24	$249.26
$245.00	$230.00	Sep 18	$1.31	$0.32	$1.63	$228.37	$246.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 286 found (best R:R 0.44, avg credit $1.08)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
220/222	260/262	Oct 2	$0.76	$1.74	69%	0.44	$221.74	$260.76
228/230	260/262	Oct 2	$1.00	$1.50	58%	0.67	$229.00	$261.00
220/222	262/265	Oct 2	$0.62	$1.88	73%	0.33	$221.88	$263.12
215/218	260/262	Oct 2	$0.56	$1.94	75%	0.29	$216.94	$260.56
220/222	255/258	Oct 2	$0.85	$1.65	63%	0.52	$221.65	$255.85
220/222	250/252	Oct 2	$1.04	$1.46	55%	0.71	$221.46	$251.04
220/222	252/255	Oct 2	$0.92	$1.58	59%	0.58	$221.58	$253.42
228/230	262/265	Oct 2	$0.86	$1.64	62%	0.52	$229.14	$263.36
228/230	255/258	Oct 2	$1.09	$1.41	52%	0.77	$228.91	$256.09
218/220	260/262	Oct 2	$0.58	$1.92	73%	0.30	$219.42	$260.58

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 155 found (best R:R 25.32, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$235.00	$240.00	$245.00	Oct 23	$0.05	$4.95	11%	99.00
$220.00	$225.00	$230.00	Oct 16	$0.16	$4.84	13%	30.25
$232.50	$235.00	$237.50	Sep 18	$0.09	$2.41	19%	26.78
$235.00	$240.00	$245.00	Oct 16	$0.33	$4.67	17%	14.15
$265.00	$270.00	$275.00	Oct 16	$0.09	$4.91	7%	54.56

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$240.00	$245.00	$250.00	Oct 9	$0.19	$4.81	18%	25.32
$230.00	$235.00	$240.00	Oct 16	$0.17	$4.83	17%	28.41
$235.00	$240.00	$245.00	Oct 30	$0.09	$4.91	11%	54.56
$230.00	$235.00	$240.00	Oct 23	$0.11	$4.89	11%	44.45
$245.00	$247.50	$250.00	Sep 18	$0.08	$2.42	17%	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. 144 found (best net $-1.86, 138 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$205.00	$230.00	1:2	Oct 23	-$1.86	$23.14
$245.00	$247.50	1:2	Sep 18	-$0.23	$2.27
$242.50	$245.00	1:2	Sep 18	-$0.52	$1.98
$240.00	$242.50	1:2	Sep 18	-$0.90	$1.60
$247.50	$250.00	1:2	Sep 18	-$0.19	$2.31

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$237.50	$235.00	1:2	Sep 18	-$0.26	$2.24
$235.00	$232.50	1:2	Sep 18	-$0.15	$2.35
$220.00	$215.00	1:2	Oct 9	-$0.28	$4.72
$240.00	$237.50	1:2	Sep 18	-$0.79	$1.71
$232.50	$230.00	1:2	Sep 18	-$0.07	$2.43

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 62 found (best yield 5.28%, avg 1.41%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$245.00	Oct 30	$12.70	0.49	1.9%	5.28%	7.23%	39	29
$250.00	Oct 30	$10.75	0.44	4.0%	4.47%	8.50%	10	89
$255.00	Oct 30	$8.90	0.39	6.1%	3.70%	9.81%	23	93
$250.00	Oct 23	$9.95	0.43	4.0%	4.14%	8.16%	138	64
$245.00	Oct 23	$11.85	0.48	1.9%	4.93%	6.87%	22	49
$260.00	Oct 30	$7.20	0.34	8.2%	3.00%	11.18%	14	53
$255.00	Oct 23	$8.15	0.38	6.1%	3.39%	9.50%	18	70
$265.00	Oct 30	$6.10	0.29	10.3%	2.54%	12.80%	1	21
$260.00	Oct 23	$6.70	0.33	8.2%	2.79%	10.97%	4	130
$265.00	Oct 23	$5.45	0.29	10.3%	2.27%	12.53%	5	72

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 23,410

Total Puts 7,465

Put/Call Ratio 0.32

Net Difference 15,945

Prior's Put/Call Breakdown

Total Calls 59,649

Total Puts 14,055

Put/Call Ratio 0.24

Net Difference 45,594

Prior 7-Day Put/Call Summary

Total Calls 496,076

Total Puts 258,088

Average Put/Call Ratio 0.38

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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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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